Question
Accountancy Question on Partnership
Arrange the following in the context of dissolution of partnership firm.
A. Payment of loan from Partners
B. Payment of secured outsider's liabilities
C. Realisation of assets into cash
D. Settlement of partner's capital
E. Payment of unsecured outsider's liability
Choose the correct answer from the options given below:
A
A, B, C, D, E
B
C, B, E, A, D
C
B, C, D, E, A
D
D, E, A, B, C
Answer
C, B, E, A, D
Explanation
Solution
The correct option is (B): C, B, E, A, D