Question

In case of dissolution of firm, Assets shall be applied in the order of -
A. Paying loan from Partners.
B. Paying secured debts of the firm
C. Paying Partners Capital in proportion
D. Paying unsecured debts of the firm
E. The residue shall be divided among the partners in their Profit sharing ratio.
Choose the correct answer from the options given below :

• A. A, B, E, C, D
• B. B, D, A, C, E
• C. B, E, D, A, C
• D. E, D, A, B, C

Answer 1

The Correct Option is B

The correct option is (B) :B, D, A, C, E.