It is stated that the partner has agreed to bear the expenses of dissolution but it is not stated who will pay the expenses whether the firm or partner, then who will pay the expenses? |
Partner Firm Third party None of these |
Partner |
The correct answer is option 1- Partner. In the absence of information about who is paying the expenses, it is implied that expenses are paid by the partner who has agreed to bear expenses. So, the correct answer is partner. |