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Commerce · Q1847

Accounting

Graduate and Post Graduate · Commerce · question 1847

Q1847

Arrange the following parties in the event of dissolution of a firm. 1. Secured creditors 2. Unsecured creditors 3. Partners who have granted loans 4. Partners who have contributed over and above profit sharing ratio Select the correct answer:

A.
2, 1, 3, 4
B.
1, 2, 3, 4
Answer
C.
1, 2, 4, 3
D.
2, 1, 4, 3

Answer: Option B

Solution

Answer: Option B
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