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In which condition a partnership firm...

In which condition a partnership firm is deemed to be dissolved ?

A

On apartner's admission

B

On retirement of a partner

C

On expiry of the period of partnership

D

On loss in partnership

Text Solution

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The correct Answer is:
C
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Knowledge Check

  • A partnership firm is compulsorily dissolved ):

    A
    When the business of the firm is declared illegal
    B
    When a partner of the firm dies
    C
    When a partner of the firm becomes insolvent
    D
    When a partner transfers his share to some other person without the consent of other partners

  • In the event of dissolution of a partnership firm , the provision for doubtful debits is transferred to :

    A
    Realisation Account
    B
    Partner's capital Accounts
    C
    Sundry devtors Account
    D
    None of the above

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