Which section of the Indian Partnership Act,1932 states the rules for the payment of private debts and firm's debts at the time of dissolution of firm?

Section 47 Section 48 Section 49 Section 50

Section 49

Private Debts and Firm’s Debts: Where both the debts of the firm and private debts of a partner co-exist, the following rules, as stated in Section 49 of the Act, shall apply.