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प्रश्न
State the order of payment of the following, in case of dissolution of partnership firm:
- to each partner proportionately what is due to him/her from the firm for advances as distinguished from capital (i.e., partner’s loan);
- to each partner proportionately what is due to him on account of capital; and
- for the debts of the firm to the third parties.
लघु उत्तर
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उत्तर
iii. for the debts of the firm to the third parties.
i. to each partner proportionately what is due to him/her from the firm for advances as distinguished from capital (i.e., partner’s loan);
ii. to each partner proportionately what is due to him on account of capital.
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