Consider the following parties and arrange them in the correct sequence in the event of dissolution of a firm
i. Secured creditors
ii. Unsecured creditors
iii. Partners who have granted loans
iv. Partners who have contributed over and above profit-sharing ratio
A. ii, i, iii, iv
B. i, ii, iii, iv
C. i, ii, iv, iii
D. ii, i, iv, iii
Answer: Option B
This Question Belongs to Commerce >> Accounting
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