Multiple Choice Questions on At the time of dissolution of firm ldquo Loan of partners rdquo Loans given by partners to the firm ........... for Commerce 12th Preparation

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Multiple Choice Questions

At the time of dissolution of firm ldquo Loan of partners rdquo Loans given by partners to the firm ...........

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    At the time of dissolution of firm, “Loan of partners” (Loans given by partners to the firm) is paid out of the amount realised on sale of assets :

    After making the payment of loans given by third party

    Correct Answer

    After making the payment of balance of Capital Accounts of partners

    Incorrect Answer

    After making the payment of above (A) and (B)

    Incorrect Answer

    Before the payment of loans given by third party

    Incorrect Answer
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    Explanation:

    After making the payment of loans given by third party

    By: santosh
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