Match the LIST-I with LIST-II, LIST-I, LIST-II, A., Business has become illegal, I., Dissolution by Court, B., When a partner is guilty of misconduct, II., Compulsory dissolution, C., Firm is dissolved with the consent of all the partners, III., Dissolution by Agreement, D., Death of a partner, IV., Firm dissolution on the happening of certain contingencies, Choose the correct answer from the options given below:

Question

Match the LIST-I with LIST-II | LIST-I | | LIST-II | | |---|---|---|---| | A. | Business has become illegal | I. | Dissolution by Court | | B. | When a partner is guilty of misconduct | II. | Compulsory dissolution | | C. | Firm is dissolved with the consent of all the partners | III. | Dissolution by Agreement | | D. | Death of a partner | IV. | Firm dissolution on the happening of certain contingencies | Choose the correct answer from the options given below:

Accepted Answer

A-II, B-I, C-III, D-IV

Answer

A-I, B-III, C-II, D-IV

Answer

A-I, B-II, C-III, D-IV

Answer

A-III, B-IV, C-I, D-II

List-I	List-II
(Accounting standards Section of Act.)	(Issues)
(A) AS-3	(I) Settlement Of Accounts.
(B) AS-26	(II) Firm's debt and private debt
(C) Section 48 of the Indian partnership Act	(III) Cash flow statement.
(D) Section 49 of the Indian partnership Act	(IV) Treatment of goodwill.

LIST-I		LIST-II
A.	Business has become illegal	I.	Dissolution by Court
B.	When a partner is guilty of misconduct	II.	Compulsory dissolution
C.	Firm is dissolved with the consent of all the partners	III.	Dissolution by Agreement
D.	Death of a partner	IV.	Firm dissolution on the happening of certain contingencies

Solution

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