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All the assets of the firm are _____ and all outsiders’ liabilities and partners’ loan and partners capitals are ___ at the time of dissolution of firm.
  • a)
    Paid , Disposed Off
  • b)
    Realised , Paid
  • c)
    Disposed Off , Acquired
  • d)
    Acquired , Paid
Correct answer is option 'B'. Can you explain this answer?
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All the assets of the firm are _____ and all outsiders’ liabilit...
At the time of dissolution of a partnership firm, all assets available in the business will be realized (sold) and all liabilities will be paid off.
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All the assets of the firm are _____ and all outsiders’ liabilit...
I think (b) is correct option
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All the assets of the firm are _____ and all outsiders’ liabilit...
The Correct Option is (B)
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All the assets of the firm are _____ and all outsiders’ liabilities and partners’ loan and partners capitals are ___ at the time of dissolution of firm.a)Paid , Disposed Offb)Realised , Paidc)Disposed Off , Acquiredd)Acquired , PaidCorrect answer is option 'B'. Can you explain this answer?
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