As per Section. 48 of Partnership Act, what is the correct sequence to be Followed at the time of dissolution of Partnership Firm?
A. Payment for Partner's Loan
B. Payment for Partner's Capital Dues
C. Payment outsider's Liabilities
D. Surplus, if any distributed amongst partners
Choose the correct answer from the options given below:

Correct option is C

As per Section 48 of the Partnership Act, the correct sequence at the time of dissolution of a partnership firm is:
C. Payment outsider’s Liabilities
A. Payment for Partner’s Loan
B. Payment for Partner’s Capital Dues
D. Surplus, if any distributed amongst partners