The Barrel & Wine Partnership Is Being Wound Up and Liquidated.Net

Multiple Choice

The Barrel & Wine partnership is being wound up and liquidated.Net assets are to be distributed according to which of the following order of priority?

A) First to creditors who are not partners,then to creditors who are partners
B) First to all creditors,then to partners as per their capital accounts
C) First to partners per their capital accounts,then to all creditors
D) First to partners who have made loans to the partnership,then to all other creditors