in case of dissolution of a firm which item on the liability side are to be paid last?
Dear Student, the solution of your this query has been explicitly covered in the Study Material provided to you on our site. Please follow the path provided below:
Accountancy--> Study Material--> Book-1 (named as Partnership Accounts)--> Chapter-4 (named as Dissolution of Partnership Firm)--> Lesson-2 (named as Settlement of Accounts and Accounting Treatment)--> under the heading Settlement of Accounts.
Accountancy--> Study Material--> Book-1 (named as Partnership Accounts)--> Chapter-4 (named as Dissolution of Partnership Firm)--> Lesson-2 (named as Settlement of Accounts and Accounting Treatment)--> under the heading Settlement of Accounts.