In the event of dissolution of firm, the partner’s personal assets are first used for payment of the :

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Ram Sharma

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Q. In the event of dissolution of firm, the partner’s personal assets are first used for payment of the :

(A) Firm’s liabilities
(B) The personal liabilites
(C) None of the two
(D) Any of the two

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✅ Correct Answer: (B) The personal liabilites

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