CUET and UG exam CUET UG 2025 Mock Test Series Accountancy Partnership Dissolution of Partnership Firm
At the time of dissolution of the firm, “Loan of partners” (Loans given by partners to the firm) is paid out of the amount realised on sale of assets :
1
After making the payment of loans given by third party
2
After making the payment of balance of Capital Accounts of partners
3
After making the payment of above (A) and (B)
4
Before the payment of loans given by third party