A. used to pay all taxes due to government
B. used to start a new partnership business by members who are willing
C. shared equally by the existing partners
D. used in paying the debts and liabilities of the firm to persons who are not partners

Correct Answer:

Option D – used in paying the debts and liabilities of the firm to persons who are not partners

SEE ALSO  The items entered in an opening statement of affairs of an enterprise that keeps incomplete record are?

Copyright warnings! Do not copy.