Varun and Arun are partners in a firm sharing profits and losses equally. On the date of dissolution of the partnership firm, Varun’s wife’sloan was Rs. 45,000, whereas Arun’s loan was Rs. 65,000. Which loan will be paid first and why ?
Varun and Arun are partners in a firm sharing profits and losses equally. On the date of dissolution of the partnership firm, Varun’s wife’sloan was Rs. 45,000, whereas Arun’s loan was Rs. 65,000. Which loan will be paid first and why ?
Chapter11: Invest Or Losses
Section: Chapter Questions
Problem 51P
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Varun and Arun are partners in a firm sharing
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