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Choose the current order of priority in settlement of liabilities and capital upon dissolution from items given below:(a) Expense incurred on realization of assets such as commission, cartage, brokerage etc.(b) All outside creditors(c) Balances in Capital Accounts of partners(d) Partner’s Loan accountsCorrect sequence isa)a, b, d,cb)a,c,b,dc)a,c,d, bd)a,b,c,dCorrect answer is option 'A'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared
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Choose the current order of priority in settlement of liabilities and capital upon dissolution from items given below:(a) Expense incurred on realization of assets such as commission, cartage, brokerage etc.(b) All outside creditors(c) Balances in Capital Accounts of partners(d) Partner’s Loan accountsCorrect sequence isa)a, b, d,cb)a,c,b,dc)a,c,d, bd)a,b,c,dCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Choose the current order of priority in settlement of liabilities and capital upon dissolution from items given below:(a) Expense incurred on realization of assets such as commission, cartage, brokerage etc.(b) All outside creditors(c) Balances in Capital Accounts of partners(d) Partner’s Loan accountsCorrect sequence isa)a, b, d,cb)a,c,b,dc)a,c,d, bd)a,b,c,dCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Choose the current order of priority in settlement of liabilities and capital upon dissolution from items given below:(a) Expense incurred on realization of assets such as commission, cartage, brokerage etc.(b) All outside creditors(c) Balances in Capital Accounts of partners(d) Partner’s Loan accountsCorrect sequence isa)a, b, d,cb)a,c,b,dc)a,c,d, bd)a,b,c,dCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Choose the current order of priority in settlement of liabilities and capital upon dissolution from items given below:(a) Expense incurred on realization of assets such as commission, cartage, brokerage etc.(b) All outside creditors(c) Balances in Capital Accounts of partners(d) Partner’s Loan accountsCorrect sequence isa)a, b, d,cb)a,c,b,dc)a,c,d, bd)a,b,c,dCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Commerce tests.