1 Losses Treatment questions from CUET Accountancy 2025 22 May Shift 1 with detailed answers and explanations. Free previous year questions and MCQs.
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Losses Treatment โ CUET Accountancy 2025 22 May Shift 1(1โ1 of 1)
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Q1easymcqAccountancyCUET Accountancy 2025 22 May Shift 12026
In case of the dissolution of a firm, the firm ceases to conduct business and has to settle its accounts. Losses, including deficiencies of capital, shall be paid in the following manner and order:(A) Out of capital of partners. (B) By the partners individually in their profit sharing ratio. (C) Profits.Choose the correct answer from the options given below: