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Introduction to partnership

Accountancy

Sir having a doubt, if liquidation of the firm happens due to loss occurs or like insolvent let's take C is guaranteed for some amount which is to be bone by A .What will happen in this case sir?Still A is entitled to give guaranteed amount to C?First they have to settle to the 3rd parties right sir if dissolution happens. Then how will they manage this sir?

Anonymous CA

CA Foundation

★ 4K+

20-Apr-20 21:43

473

Answers (2)

First third parties would be settled.

CA Suraj Lakhotia

Admin

21-Apr-20 09:22

Thank you sir

Thread Starter

Anonymous CA

CA Foundation

★ 4K+

21-Apr-20 09:24

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