Financial and Management Accounting

1: The basis adopted for piecemeal distribution of cash among the partners should be such that amounts finally left unpaid are in the ratio in which
A.

Capital stands on the date of dissolution

B.

Profits and losses are shared

C.
Capital balances stood at the beginning of partnership
D.

Private assets appear on the date of dissolution.

 

Answer : B

Explanation :

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Option: A

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