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The assets of the Partnership firm, including any sums contributed by the partners to make up deficiencies of capital at the time of dissolution, shall be applied in the following manner and order:(A) In paying each partner rateably what is due to him for advances as distinguished from capital.(B) In paying to each partner rateably what is due to him on account of capital.(C) In paying the debts of the firm to third parties.(D) Dividing among the partners in the proportion in which they were entitled to share profits.Choose the correct answer from the options given below:a)(C), (A), (B), (D)b)(C), (B), (A), (D)c)(A), (B), (C), (D)d)(B), (C), (A), (D)Correct answer is option 'A'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about The assets of the Partnership firm, including any sums contributed by the partners to make up deficiencies of capital at the time of dissolution, shall be applied in the following manner and order:(A) In paying each partner rateably what is due to him for advances as distinguished from capital.(B) In paying to each partner rateably what is due to him on account of capital.(C) In paying the debts of the firm to third parties.(D) Dividing among the partners in the proportion in which they were entitled to share profits.Choose the correct answer from the options given below:a)(C), (A), (B), (D)b)(C), (B), (A), (D)c)(A), (B), (C), (D)d)(B), (C), (A), (D)Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The assets of the Partnership firm, including any sums contributed by the partners to make up deficiencies of capital at the time of dissolution, shall be applied in the following manner and order:(A) In paying each partner rateably what is due to him for advances as distinguished from capital.(B) In paying to each partner rateably what is due to him on account of capital.(C) In paying the debts of the firm to third parties.(D) Dividing among the partners in the proportion in which they were entitled to share profits.Choose the correct answer from the options given below:a)(C), (A), (B), (D)b)(C), (B), (A), (D)c)(A), (B), (C), (D)d)(B), (C), (A), (D)Correct answer is option 'A'. Can you explain this answer?.

Solutions for The assets of the Partnership firm, including any sums contributed by the partners to make up deficiencies of capital at the time of dissolution, shall be applied in the following manner and order:(A) In paying each partner rateably what is due to him for advances as distinguished from capital.(B) In paying to each partner rateably what is due to him on account of capital.(C) In paying the debts of the firm to third parties.(D) Dividing among the partners in the proportion in which they were entitled to share profits.Choose the correct answer from the options given below:a)(C), (A), (B), (D)b)(C), (B), (A), (D)c)(A), (B), (C), (D)d)(B), (C), (A), (D)Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of The assets of the Partnership firm, including any sums contributed by the partners to make up deficiencies of capital at the time of dissolution, shall be applied in the following manner and order:(A) In paying each partner rateably what is due to him for advances as distinguished from capital.(B) In paying to each partner rateably what is due to him on account of capital.(C) In paying the debts of the firm to third parties.(D) Dividing among the partners in the proportion in which they were entitled to share profits.Choose the correct answer from the options given below:a)(C), (A), (B), (D)b)(C), (B), (A), (D)c)(A), (B), (C), (D)d)(B), (C), (A), (D)Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The assets of the Partnership firm, including any sums contributed by the partners to make up deficiencies of capital at the time of dissolution, shall be applied in the following manner and order:(A) In paying each partner rateably what is due to him for advances as distinguished from capital.(B) In paying to each partner rateably what is due to him on account of capital.(C) In paying the debts of the firm to third parties.(D) Dividing among the partners in the proportion in which they were entitled to share profits.Choose the correct answer from the options given below:a)(C), (A), (B), (D)b)(C), (B), (A), (D)c)(A), (B), (C), (D)d)(B), (C), (A), (D)Correct answer is option 'A'. Can you explain this answer?, a detailed solution for The assets of the Partnership firm, including any sums contributed by the partners to make up deficiencies of capital at the time of dissolution, shall be applied in the following manner and order:(A) In paying each partner rateably what is due to him for advances as distinguished from capital.(B) In paying to each partner rateably what is due to him on account of capital.(C) In paying the debts of the firm to third parties.(D) Dividing among the partners in the proportion in which they were entitled to share profits.Choose the correct answer from the options given below:a)(C), (A), (B), (D)b)(C), (B), (A), (D)c)(A), (B), (C), (D)d)(B), (C), (A), (D)Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of The assets of the Partnership firm, including any sums contributed by the partners to make up deficiencies of capital at the time of dissolution, shall be applied in the following manner and order:(A) In paying each partner rateably what is due to him for advances as distinguished from capital.(B) In paying to each partner rateably what is due to him on account of capital.(C) In paying the debts of the firm to third parties.(D) Dividing among the partners in the proportion in which they were entitled to share profits.Choose the correct answer from the options given below:a)(C), (A), (B), (D)b)(C), (B), (A), (D)c)(A), (B), (C), (D)d)(B), (C), (A), (D)Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The assets of the Partnership firm, including any sums contributed by the partners to make up deficiencies of capital at the time of dissolution, shall be applied in the following manner and order:(A) In paying each partner rateably what is due to him for advances as distinguished from capital.(B) In paying to each partner rateably what is due to him on account of capital.(C) In paying the debts of the firm to third parties.(D) Dividing among the partners in the proportion in which they were entitled to share profits.Choose the correct answer from the options given below:a)(C), (A), (B), (D)b)(C), (B), (A), (D)c)(A), (B), (C), (D)d)(B), (C), (A), (D)Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Commerce tests.