Upon dissolution of firm, losses, including deficiencies of Capital, s – McqOptions

MCQOPTIONS

1.	Upon dissolution of firm, losses, including deficiencies of Capital, shall be paid first out of Profits and then out of Capital and finally
A.	Out of Profits
B.	Out of Capital
C.	By the partners individually in their profit sharing ratio
D.	By the partners equally
Answer» D. By the partners equally

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