NextQ122
The business assets of an organization amount to ₹ 50,000 but the debts that remain unpaid are ₹ 80,000. What course of action can the creditors take if: (i) The organization is a sole proprietorship firm. (ii) The organization is a partnership firm with Anthony and Akbar as partners. Which of the two partners can the creditors approach for repayment of debt? Explain giving reasons.
Question 121
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