CUET Accountancy - Arrange the following in the sequence in which they shall be applied in payment at the time of dissolution of a firm: (A) The debts of the firm to the third parties. (B) Partner proportionately what is due to him/her from the firm for advances as distinguished from capital (i.e. partner's loan). (C) Each partner proportionately what is due to him on account of capital. (D) Divided among the partners in their profit sharing ratio. Choose the correct answer from the options given below: | PYQs + Solutions | AfterBoards