CUET Accountancy - On the happening of certain contingencies, Subject to contract between the partners, a firm is dissolved , (A) if constituted for a fixed term, by the expiry of that term. (B) if constituted to carry out one or more ventures, by the completion thereof. (C) by the death of a partner (D) by the adjudication of a partner as an insolvent Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2025 2 June Shift 2

Partnership

Medium

common

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

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

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

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

✅ Correct Option: 3

Related questions:

13 May Shift 2

In which of the following the Economic relationship between the partners comes to an end?

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:

27 May Shift 1

Unrecorded Liabilities when paid are shown in:

CUET Accountancy 2025 2 June Shift 2 PYQs