A firm is unable to pay debts when ___________ Options: A . &nbsp A partner is insolvent B . &nbsp A partner has debit balance C . &nbsp The firm is insolvent D . &nbsp None of these

A firm is unable to pay debts when __________

Question -

A firm is unable to pay debts when ___________

Options:

A . A partner is insolvent

B . A partner has debit balance

C . The firm is insolvent

D . None of these

Answer: Option C
:
C

A firm is unable to pay debts when the firm is insolvent.

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