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
C. 1, 2, 4, 3
D. 2, 1, 4, 3
Answer: Option B
This Question Belongs to Commerce >> Accounting
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