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प्रश्न
Mention the order in which the proceeds from the sale of assets are utilised at the time of dissolution of partnership firm.
लघु उत्तर
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उत्तर
- The firm’s external liabilities are settled first.
- Next, any loans provided by the partners to the firm are repaid.
- After that, the remaining balance is used to return the partner’s capital contributions.
- If any surplus still remains, it is distributed among the partners according to their profit-sharing ratio.
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