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In case of dissolution of a firm, which liabilities are to be paid first ?

+2 votes

asked Apr 4, 2019 in Class 12 by kratos

In case of dissolution of a firm, which liabilities are to be paid first ?

class-12
reconstitution of partnership

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1 Answer

+4 votes

answered Mar 31, 2020 by kratos

Best answer

Debts due to third parties are paid first.

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