Question
State whether the following are true or false. Ractify the false statement:
$(1)$ Partner's wife's loan given from woman's personal wealth is to be paid first at the time of dissolution.
$(2)$ If any partner is paid salary as a remuneration of dissolution expense, then this expenditure is not recorded in the books.
$(3)$ Worker's accident fund is distributed among partners in their profit and loss sharing ratio at the time of dissolution.

Answer

$1.$ False. Partner's wife loan given from woman's personal wealth is to be paid along with any third party liability.
$2.$ False. This expenses is recorded at debit side of realisation account and credit side of respective partner account.
$3.$ True.

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