CUET Accountancy - Dissolution of a firm takes place on the happening of certain contingencies. Choose them from the following : (A) By the death of a partner (B) By the adjudication of a partner as an insolvent (C) When the business of the firm becomes illegal (D) If constituted for a fixed term, by the expiry of that term Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2025 24 May Shift 1

Partnership

Medium

common

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D) only

(B), (C) and (D) only

✅ Correct Option: 1

Related questions:

15 May Shift 1

Arrange the following in the sequence in which they shall be applied in payment at the time of dissolution of a firm:

(A) The debts of the firm to the third parties.

(B) Partner proportionately what is due to him/her from the firm for advances as distinguished from capital (i.e. partner's loan).

(D) Divided among the partners in their profit sharing ratio.

Choose the correct answer from the options given below:

15 May Shift 1

According to which section of the partnership Act 1932, the dissolution of a partnership between all the partners of a firm is called the dissolution of the firm?

27 May Shift 1

On dissolution of a firm, bank overdraft is transferred to:

CUET Accountancy 2025 24 May Shift 1 PYQs

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