Do we give EPF to creditors while disaolution?????
Dear Student
EPF is a Fund, i.e it represents reserve money that would be used against a particular liability i.e liability towards provident fund,
Hence EPF would only be used to settle any liability regarding provident fund and any excess shall be transferred to partners capital account.
Regards
EPF is a Fund, i.e it represents reserve money that would be used against a particular liability i.e liability towards provident fund,
Hence EPF would only be used to settle any liability regarding provident fund and any excess shall be transferred to partners capital account.
Regards