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On dissolution of a firm , out of the...

On dissolution of a firm , out of the proceeds received from the sale of assets ……………. Will be paid first of all

A

Partner's Capital

B

Partner's Loan to Firm

C

Partner's additional capital

D

Outside Creditors

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The correct Answer is:
D
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DK GOEL-DISSOLUTION OF A PARTNERSHIP FIRM-MULTIPLE CHOICE QUESTIONS
  1. Court can make an order to dissolve the firm when :

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  2. On dissolution of a firm , realisation account is debited with

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  3. On dissolution of a firm , out of the proceeds received from th...

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  4. At the time of dissolution of firm , " Loan of partners "(Loans G...

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  5. At the time of dissolution of firm , at which stage the balance...

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  6. On firm 's Dissolution , which one of the following account sh...

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  7. In the event of dissolution of a partnership firm , the provisi...

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  8. On dissolution , if a partner undertakes to make payment of a liabi...

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  9. Unrecorded liability , when paid on dissolution of a firm is de...

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  10. On dissolution of a partnership firm , profit or loss on realisatio...

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  11. On Dissolution of the firm , amount received from sale of unreco...

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  12. Realisation A/C is a :

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  13. In the event of dissolution of firm , the partner's personal asset...

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  14. A partnership firm is compulsorily dissolved ):

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  15. At the time of firm 's dissolution , Balance of general Reserve s...

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  16. On dissolution , Goodwell account is transferred to ):

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  17. At the time of dissolution of partnership firm , Fictitous asset...

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  18. At time of dissolution of partnership firm , the balance of profi...

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  19. At the time of dissolution of partnership firm , the amount of '...

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  20. On dissolution , the final balance of capital accounts accounts ...

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