Which of the following statements are incorrect in relation to dissolution of firm?

(A) Loan given by a partner is transferred to realisation account.

(B) Loan given by a partner is settled before outside party claims.

(C) Dissolution expenses can be paid by a firm or partner(s).

(D) All assets are transferred to credit side of realisation account and liabilities are transferred to the debit side of realisation account.

Choose the correct answer from the options given below:

(A), (B) and (D) only

The correct answer is Option (3) → 

(A), (B) and (D) only