At the time of dissolution of firm, at which stage the balance of partner’s capital accounts is paid?
A. After making the payment to third party’s loans
B. Before making the payment of partners in respect of their loans
C. After making the payment to third party for their loans as well as partners loans
D. None of the above.
Answer:C
At the time of dissolution of firm, at which stage the balance of partner’s capital accounts is paid?
A. After making the payment to third party’s loans B. Before making the payment of partners in respect of their loans C. After making the payment to third party for their loans as well as partners loans D. None of the above.