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Matching Question: (i) All the partners are liable jointly and severally for (a) Private debts (ii) If partner has taken loan by mortgaging his Private property then his private property can't

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Question

Matching Question:

(i) All the partners are liable jointly and severally for (a) Private debts
(ii) If partner has taken loan by mortgaging his Private property then his private property can't be applied first for payment of (b) Firms debts
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Solution

(i) All the partners are liable jointly and severally for (b) Firms debts
(ii) If partner has taken loan by mortgaging his Private property then his private property can't be applied first for payment of (b) Firms debts
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Chapter 5: Dissolution of a Partnership Firm - OBJECTIVE TYPE QUESTIONS [Page 5.101]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 5 Dissolution of a Partnership Firm
OBJECTIVE TYPE QUESTIONS | Q (C) 7. | Page 5.101
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