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

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Match List-I with List-II

List-I	List-II
(Transaction)	(Relevant account)
(A) Settlement of Partners Loan	(I) Credit side of Realization A/c
(B) Transfer of liabilities	(II) Partner's Capital will be credited
(C) Transfer of Assets	(III) Credit Side of Bank A/c
(D) Remuneration payable to partner	(IV) Debit Side of Realization A/c

Choose the correct answer from the options given below: