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     EduGorilla 
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    Choose the current order of priority in settlement of liabilities and capital upon dissolution from items given below:

    (a) Expense incurred on realization of assets such as commission, cartage, brokerage etc.

    (b) All outside creditors

    (c) Balances in Capital Accounts of partners

    (d) Partner’s Loan accounts

    Correct sequence is

    Options :-

    1. a,c,b,d

    2. a,b,c,d

    3. a,c,d, b

    4. a, b, d,c

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