The business assets of an organisation amount to Rs.50,000 but the debts that remain unpaid are 80,000. What course of action can the creditors take if : (a) The organisation is a sole proprietorship firm? (b) The organisation 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.

In case of a sole proprietorship firm, there is only one person running the whole business solely so any liability of creditors can be claimed by the creditors to the sole person only and the owner is liable to pay off the debt by his/her personal property.
In the case of a partnership firm, all partners are equally liable for the liability of the firm. So, here the creditors approach both the partner Anthony and Akhbar for his debt. Both the partners are liable to pay debt by their personal property. In case of insolvency of any partner then only one will liable to pay

Final answer :
The whole business solely so any liability of creditors can be claimed by the creditors to the sole person
The creditors approach both the partner Anthony and Akhbar for his debt.