Start learning →

Which partner due is paid before capital?

AResidual profit share
BAdvances by partners
CGoodwill share value
DPartners' drawings
Answer & Solution
Correct answer: B. Advances by partners
Advances, as distinguished from capital, are repaid rateably before capital.
Practise this question with Quill — CA Foundation →

Keep practising Dissolution of a Firm

Browse all Dissolution of a Firm questions for CA Foundation, or explore more Accounting topics.

Start a Dissolution of a Firm lesson →
Related questions