Accounting · Partnership Dissolution
In piecemeal distribution during the dissolution of a partnership firm, the maximum loss method assumes that:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Assets are distributed equally irrespective of capital balances
- 2Immediate full payment will be made to creditors out of personal assets
- 3Remaining unrealised assets are completely worthless and losses are borne in the profit-sharing ratio✓
- 4There will be equal loss absorption by all partners
Correct answer
Remaining unrealised assets are completely worthless and losses are borne in the profit-sharing ratio
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Partnership Dissolution MCQs →Want more practice questions on Partnership Dissolution?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Partnership Dissolution