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CUET

Q26. The dissolution of partnership firm takes place in following order. A. Outsiders' liabilities are paid out. B. Partner's capital account is settled. C. All assets and outside liabilities are transferred to realisation account D. Partner's loan is repaid in proportion E. Assets are sold and realised Choose the correct answer from the options given below: (a) B, E, D, C, A (b) C, E, A, D, B (c) A, D, E, B, C (d) C, A, D, E, B