On dissolution of firm, what payment Is made first from the personal assets of a partner? Post category:Accountancy Reading time:1 mins read SOLUTION Private debts of that partner. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostOn dissolution of firm, what entry is passed for payment of an unrecorded liability? Next PostOn dissolution of a firm, what entry is passed on making payment of realization expenses by a partner? You Might Also Like Give any two characteristics of debenture. September 29, 2022 Total Assets Rs. 12,50,000; Total Debts Rs. 10,00,000; Current Liabilities Rs. 5,00,000. Calculate Debt to Equity Ratio. August 12, 2022 When is interest received considered as financing activity? October 6, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Total Assets Rs. 12,50,000; Total Debts Rs. 10,00,000; Current Liabilities Rs. 5,00,000. Calculate Debt to Equity Ratio. August 12, 2022