CUET AccountancyPartnership > Medium(Cr.) ₹ 90,000(Dr.) ₹ 90,000(Cr.) ₹ 1,30,000(Dr.) ₹ 1,30,000✅ Correct Option: 2Related questions:22 May Shift 2The assets of the firm, including any sum contributed by the partners to make deficiencies of capital, shall be applied first for paying ………….22 May Shift 1In 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:27 May Shift 2On the happening of certain contingencies, Subject to contract between the partners, a firm is dissolved , (A) if constituted for a fixed term, by the expiry of that term. (B) If constituted to carry out one or more ventures, by the completion thereof. (C)by the death of a partner (D) by the adjudication of a partner as an insolvent Choose the correct answer from the options given below: