Upon the dissolution of partnership business, the party to be settled first out of the proceeds realized is
A unsecured creditors
B partner’s loan and advances
C secured creditors
D partners’ capital
Answer is C
Tutors, Past Questions and Projects.
Upon the dissolution of partnership business, the party to be settled first out of the proceeds realized is
A unsecured creditors
B partner’s loan and advances
C secured creditors
D partners’ capital
Answer is C