On dissolution of a partnership firm, on what basis is the remaining final cash distributed after paying external liabilities and realisation expenses?

Correct answer: साझेदारों के अंतिम पूंजी दावे

After external liabilities and realisation expenses are settled, the remaining cash is distributed in settlement of the partners’ final capital claims. Total sales and purchases are merely transaction figures, while realisation expenses have already been paid or adjusted before the final distribution. Exam tip: Before making the final distribution, settle external liabilities, partners’ loans and capital accounts in the proper order.