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प्रश्न
On dissolution of the firm, partner A demands that his loan of ₹ 1,00,000 should be paid before payment of Capitals of the partners, whereas partners B and C demand that Capitals should be paid before the payment of A’s loan. State the order of payment.
अति संक्षिप्त उत्तर
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उत्तर
According to Section 48 of the Indian Partnership Act, 1932, loans advanced by partners are settled prior to the repayment of their capital contributions.
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