A firm is compulsorily dissolved when partners become:

a.

All of these

b.

Insolvent

c.

Insane

d.

Illegal business

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At the time of dissolution of firm, at what stage the balances of partners capital accounts are paid?

a.

Before payment of loan by partner

b.

Before payment of outside liabilities

c.

After payment of outsiders liabilities

d.

After payment of outsiders liabilities and partners loan