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At the time of dissolution of the firm, at which stage the balance of the partner's capital accounts is paid? - | Shaalaa.com

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In the liquidation of a partnership, a loan payable to a partner:a) May be offset against that partner's capital account balance before liquidation commences.b) Will not advance the time of payment to that partner during the liquidation.c) Has the same priority as amounts payable to outside creditors of the partnership.d) Must be closed to that partner's drawing account.

which of the following would cause the trial balance to be out of balance question 32 options placing the capital account balance in the credit column placing the equipment account balance in the debi