Accountancy- Dissolution of a Partnership Firm Set 1

Question - 15 Maximum mark : - 15

In which condition a partnership firm is deemed to be dissolved?

On a partner's admission On retirement of a partner On expiry of the period of partnership On loss in partnership

Court can make an order to dissolve the firm when :

Some partner has become fully mad Partnership deed is fully followed Continued future profits are expected Firm is running legal business

On dissolution of a firm, realisation account is debited with

All assets to be realised All outside liabilities of the firm Cash received on sale of asset Any asset taken over by one of the partners

Prev Next

Congratulations

you have successfully completed the test

We will send your result on your email id and phone no. please fill detail

Name

Email ID Note: Report will be send to the above Email ID

Phone No