Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Partnership Firms: Dissolution of a Partnership Firm › Which claim is settled just after partners' loans?
Which claim is settled just after partners' loans?
ABills payable of the firm
BCapital balances of partners
CSundry creditors of firm
DBank overdraft of firm
Answer & Solution
Correct answer: B. Capital balances of partners
Capital due to partners is paid after outside liabilities and partners' loans.
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