Question
State whether the following are true or false. Ractify the false statement:
$(1)$ Dissolution expenses are paid at the end from the assets realised.
$(2)$ The firm is responsible for the payment of dissolution expenses of the firm.
$(3)$ Bad debts return is to be recorded in realisation A/c compulsorily.
$(1)$ Dissolution expenses are paid at the end from the assets realised.
$(2)$ The firm is responsible for the payment of dissolution expenses of the firm.
$(3)$ Bad debts return is to be recorded in realisation A/c compulsorily.