Practicing Success
At the time of dissolution of firm, at which stage the balance of partner’s capital accounts is paid? |
After making the payment to third party’s loans
Before making the payment of partners in respect of their loans
After making the payment to third party for their loans as well as partners loans None of the above |
After making the payment to third party for their loans as well as partners loans |
At the time of dissolution of firm, the balance of partner's capital account is paid after making the payment to third party for their loans as well as partners loans. |