At the suit of a partner, the court may order a partnership firm to be dissolved on any of the following grounds:

(A) When a partner becomes insane.

(B) When a partner becomes permanently incapable of performing his duties as a partner.

(C) In accordance with a contract between the partners.

(D) When a partner is guilty of misconduct which is likely to adversely affect the business of the firm.

Choose the correct answer from the options given below:

Unrecorded liabilities when paid are shown in:

Existing Profit and Loss Account in the books of the firm will be shared/borne by partners in the ratio:

The treatment of Goodwill appearing in the balance sheet will be:

In the case of dissolution of a partnership firm, the accumulated profits and reserves are transferred to :

When a firm is dissolved, the Balance of Investment Account and Balance of Investment Fluctuation Fund Account, shown by Firm's Balance Sheet are transferred into ............... and into ............... respectively:-

Sharan, Raman and Manan are partners sharing profit and losses in the ratio of 1:1:1. Due to heavy losses, they decide to close their business. At the time of dissolution, Sharan agreed to bear all realisation expenses. Realisation expenses were to be paid by the firm. For the service Sharan is paid Rs.6,000. Actual expenses on realisation paid by the firm amounted to Rs. 9,000. Realisation A/c will be: