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On the dissolution of the partnership firm the amount realised from sale of assets shall be applied in following order.
A. Distributing the amount left among the partners in their profit sharing ratio
B. Paying amount due to partner on account of loan advanced by him
C. Paying am ount due to the creditors
D. Paying partner’s capital account balances
Choose the correct answer from the options given below:
  • a)
    B, D, A, C
  • b)
    C, B, D, A
  • c)
    A, B, C, D
  • d)
    B, A, D, C
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
On the dissolution of the partnership firm the amount realised from sa...
First pay to creditors, second loan, third capital and at the end to partners if remaining.
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On the dissolution of the partnership firm the amount realised from sale of assets shall be applied in following order.A. Distributing the amount left among the partners in their profit sharing ratioB. Paying amount due to partner on account of loan advanced by himC. Paying am ount due to the creditorsD. Paying partner’s capital account balancesChoose the correct answer from the options given below:a)B, D, A, Cb)C, B, D, Ac)A, B, C, Dd)B, A, D, CCorrect answer is option 'B'. Can you explain this answer?
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On the dissolution of the partnership firm the amount realised from sale of assets shall be applied in following order.A. Distributing the amount left among the partners in their profit sharing ratioB. Paying amount due to partner on account of loan advanced by himC. Paying am ount due to the creditorsD. Paying partner’s capital account balancesChoose the correct answer from the options given below:a)B, D, A, Cb)C, B, D, Ac)A, B, C, Dd)B, A, D, CCorrect answer is option 'B'. Can you explain this answer? for Humanities/Arts 2025 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about On the dissolution of the partnership firm the amount realised from sale of assets shall be applied in following order.A. Distributing the amount left among the partners in their profit sharing ratioB. Paying amount due to partner on account of loan advanced by himC. Paying am ount due to the creditorsD. Paying partner’s capital account balancesChoose the correct answer from the options given below:a)B, D, A, Cb)C, B, D, Ac)A, B, C, Dd)B, A, D, CCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On the dissolution of the partnership firm the amount realised from sale of assets shall be applied in following order.A. Distributing the amount left among the partners in their profit sharing ratioB. Paying amount due to partner on account of loan advanced by himC. Paying am ount due to the creditorsD. Paying partner’s capital account balancesChoose the correct answer from the options given below:a)B, D, A, Cb)C, B, D, Ac)A, B, C, Dd)B, A, D, CCorrect answer is option 'B'. Can you explain this answer?.
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