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.

Answer

$1.$ False. Dissolution expenses are paid first from the asset realised.
$2.$ True
$3.$ True

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