A solvent partner having debit balance in his account just before the dissolution of partnership firm, is not required to bear the loss on account

Question

State which of the following statements is True or False:

1. A solvent partner having debit balance in his account just before the dissolution of partnership firm, is not required to bear the loss on account of insolvency of another partner. 

2. If all partners become insolvent, the creditors bear the losses of the firm. 

Answer 1

1.True, 

2. True