In case of dissolution of a firm, in which order the following creditors should be paid?
1. Creditors having floating charge on the assets of the firm
2. Remuneration of liquidator
3. Provident fund money payable to employees
4. Bank overdraft
A. 1, 2, 3, 4
B. 1, 3, 4, 2
C. 2, 3, 4, 1
D. 2, 3, 1, 4
Answer: Option B
This Question Belongs to Commerce >> Accounting
Join The Discussion