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Arrange the following parties in the event of dissolution of a firm.
1. Secured creditors
2. Unsecured creditors
3. Partners who have granted loans
4. Partners who have contributed over and above profit sharing ratio
Select the correct answer:

Arrange the following parties in the event of dissolution of a firm.
1. Secured creditors
2. Unsecured creditors
3. Partners who have granted loans
4. Partners who have contributed over and above profit sharing ratio
Select the correct answer: Correct Answer 1, 2, 3, 4

Related Questions

Consider the following parties and arrange them in the correct sequence in the event of dissolution of a firm
i. Secured creditors
ii. Unsecured creditors
iii. Partners who have granted loans
iv. Partners who have contributed over and above profit-sharing ratio
The profit – sharing ratio of two partners is 2 : 3 if another partner is added with 40% of the profit – sharing ratio and the profit – sharing ratio of the initial two partners remains the same. Find the new profit – sharing ratio.
Following are the criteria for the selection of Civil Engineers in an organization: The candidate must - (i) have a B.E. or B. Tech from a recognized university with minimum 65% marks. (ii) have secured at least 50 % marks in the selection test. (iii) have secured at least 55% marks in the interview. (iv) not be less than 22 years and not more than 27 years of age as on 1.10. 2019. In case of a candidate who satisfies all other criteria except: a) At (i) above but has more than 2 years experience, the case may be referred to the General Manager, Recruitment. b) At (ii) above but have secured 75% and above marks in the selection interview, the case may be referred to the Sr,V.P. HR. Based on the above criteria and conditions, analyze and decide which of the following course of action should be taken for the candidate whose description is provided below. Please note that you are not to assume anything other than the given information. Amita Sachdeva, born on 20th October, 1992 secured 55% marks in BE final year She got 60% marks in both selection test and interview.
Consider the following statements.
1. In case of standard assets, provision for NPA must be 25% for all types of standard assets.
2. In case of sub-standard assets, provision for NPA must be 10% for all types of standard assets.
3. In case of doubtful assets, 100% provision is required for unsecured and secured advances.
4. In case of loss assets, 10% of unsecured and 100% of secured advance must be kept as provision for NPAs.
Which of the statement(s) given above is/are correct?
Study the following information carefully and answer the given questions. For a recruitment process in an ACCOUNTING organization, the candidates need to possess the following qualifications criteria: i) He/she must be a graduate in commerce with at least 60% marks. ii) He/she must be at least 24 years of age and not more than 40 years as of 1-7-2016. iii) He/she must have post-qualification work experience of at least 2 years. iv) He/she should have secured 55% marks in the selection process. However, if the candidate fulfills the above-mentioned criteria except: (A) at (i), and if the candidate is not a graduate in commerce but has a post-graduation degree in finance with a minimum of 60% marks, he/she should be referred to the Finance Manager of the organization. (B) at (iii), and if the candidate fulfills all the eligibility criteria of post-qualification work experience but has secured 75% marks in the selection process, he/she may be referred to the Trainee Accountant. Based on the above information, study carefully whether the following candidates are eligible for the recruitment process and mark your answer as follows. You are not to assume anything other than the information provided in each question. All the cases are given to you as of 1-7-2016. Snehlata’s date of birth is 6.2.1990. She has done her graduation and post-graduation in Commerce and secured 61% and 63% marks respectively. She has post-qualification work experience as a Senior Accountant of 3.5 years. She has secured 58.5% marks in the selection process.
Arrange the following in correct sequence in the event of dissolution of a partnership firm.
1. If surplus, it is distributed among the partners.
2. The assets of the firm are realised.
3. Amount realised is applied towards repayment of liabilities to outsiders and loan taken from partners.
4. Capital contributed by partners is repaid.
Select the correct answer:
In a group of people solicited by a charity, 30% contributed Tk 40, 45% contributed Tk 20 and the rest contributed Tk 2. If the charity received a total of Tk 300 from the people who contributed Tk 2, how much was contributed by the entire group?
In a group of people solicited by a charity, 30% contributed Tk. 2400 each, 45% contributed Tk. 1200 each, and the rest contributed Tk. 120 each. If the charity received a total of Tk. 18,000 form the people who contributed Tk. 120.00, how much was contributed by the entire group?
Consider the following :
1. The perpetual struggle of Ins and Outs for political power turns the legislature into a battlefield and in this struggle the interests of the country are forgotten.
2. Parties encourage hollowness and insincerity. They divide not only the legislature but the nation into hostile camps. During national emergencies, parties can hardly transcend their petty differences and present a united front.
3. Parties often over-reach themselves and indulge in unwholesome and immoral activities live bribing the legislators
4. Parties tend to become antonomous and to regard organisations as important for their own sake. Principles are thus subordinated to success at polls and issues are not considered on merit.
Which of the above statements make a valid criticism of political parties?
Select the correct answer from the following:
The following are the two statements relating to the theory of probability. Indicate the statements being correct or incorrect.
Statement I The probability of the joint occurrence of independent events A and B is equal to the probability of event A multiplied by the probability of event B or vice-versa.
Statement II The probability of the joint occurrence of independent event A and dependent event B is equal to the probability of event A multiplied by the conditionalprobability of event B when event A has occurredor vice-versa.