CUET Accountancy - Court may not order for dissolution of a partnership firm out of which of the following grounds: | PYQs + Solutions

CUET Accountancy 2022 15 July Shift 2

Partnership

Medium

When a partner become insane

When a partner becomes permanently incapable of performing his duties as a partner

When the business of the firm cannot be carried on except at a loss

On the death of a partner

✅ Correct Option: 4

Related questions:

27 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Compulsory Dissolution	(I) A partner persistently commits breach of partnership agreement.
(B) Happening of contingencies	(II) Death of a partner
(C) Dissolution by Court	(III) According to contract between the partners.
(D) Dissolution by agreement	(IV) Business becomes illegal

Choose the correct answer from the options given below:

30 May Shift 2

Which combination of statements is true about dissolution-

(A). Dissolution of a partnership is different from dissolution of a firm.

(B). A partnership is dissolved when there is a death of a partner.

(C). A firm is dissolved when all partners give consent to it.

(D). A firm is compulsorily dissolved when a partner decides to retire.

Choose the correct answer from the options given below:

4 June Shift 2

What journal entry will be passed for settlement of loan from a partner of Rs. 50,000 by paying Rs. 45,000 at the time of dissolution of a firm :-

CUET Accountancy 2022 15 July Shift 2 PYQs