CUET Accountancy - According to Section ………. of the partnership Act 1932, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm. | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 2

Partnership

Easy

common

✅ Correct Option: 4

Related questions:

22 May Shift 1

In case of the dissolution of a firm, the firm ceases to conduct business and has to settle its accounts. Losses, including deficiencies of capital, shall be paid in the following manner and order:

(A) Out of capital of partners.

(B) By the partners individually in their profit sharing ratio.

Choose the correct answer from the options given below:

2 June Shift 2

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.

(D) by the adjudication of a partner as an insolvent

Choose the correct answer from the options given below:

27 May Shift 1

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

CUET Accountancy 2025 22 May Shift 2 PYQs

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