Match List-I with List-II

List-I	List-II
(Events)	(Result.)
(A) Termination of business.	(I) Not possible in the dissolution of partnership.
(b) Continuation of business	(II) Not possible in the dissolution of a firm.
(C) Intervention of court.	(III) Dissolution of firm
(D) Continuation of books of accounts.	(IV) Dissolution of partnership.

Choose the correct answer from the options given below:

Understanding the key differences between dissolution of partnership and dissolution of firm is essential:

Dissolution of Partnership: Partnership agreement changes but business continues with remaining/new partners. Books continue, no court intervention needed.

Dissolution of Firm: Complete closure of business. All operations stop, books are closed, court intervention possible.

Let me analyze each matching:

(A) Termination of business:

• Business terminates completely → Dissolution of firm (III)
• Business does NOT terminate in dissolution of partnership → (I)

Both interpretations are valid depending on whether we state what happens or what doesn't happen.

(B) Continuation of business:

• Business continues → Dissolution of partnership (IV)
• Business does NOT continue in dissolution of firm → (II)

(C) Intervention of court:

• Court can order → Dissolution of firm (III)
• Court intervention not needed for → Dissolution of partnership, so (I)

(D) Continuation of books of accounts:

• Books continue → Dissolution of partnership (IV)
• Books do NOT continue in dissolution of firm → (II)

Option 1: A-(I), B-(II), C-(III), D-(IV)

States what is NOT possible in each case, then direct results.

Option 4: A-(III), B-(IV), C-(I), D-(II)

States direct results, then what is NOT possible.

Both options present logically consistent matchings from complementary perspectives. The question accepts both as correct answers.

Correct Options: 1 and 4