What is the mode of dissolution of the firm followed by G, K and B? Option 1: Dissolution by Agreement Option 2: On the happening of certain contingencies Option 3: Dissolution by Notice Option 4: Compulsory Dissolution

The answer is 'Dissolution by Agreement'. View full solution:

CUET Accountancy - What is the mode of dissolution of the firm followed by G, K and B? | PYQs + Solutions

CUET Accountancy

Partnership

Easy

Dissolution by Agreement

On the happening of certain contingencies

Dissolution by Notice

Compulsory Dissolution

✅ Correct Option: 1

Related questions:

24 May Shift 1

All assets except cash/bank and fictitious assets are transferred to the Debit side of the ______Account.

20 June Shift 2

The dissolution of Partnership may take place due to:

A. Retirement of Partner

B. Death of Partner

C. Insolvency of Partner

D. Admission of New Partner

E. Completion of Venture, if partnership formed for that purpose

Choose the correct answer from the options given below:

28 May Shift 1

Rohit a partner paid the realisation expenses of Rs. 10,000 and he was to get a remuneration of Rs. 12,000 for completing the dissolution process and realisation expenses were borne by Rohit. The amount transferred to his capital A/c will be :

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