Home
Class 12
ACCOUNTS
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

Verified by Experts

The correct Answer is:
C
Promotional Banner

Topper's Solved these Questions

  • COMPARATIVE STATEMENTS

    DK GOEL|Exercise MULTIPLE CHOICE QUESTIONS|30 Videos

  • FINANCIAL STATEMENTS ANALYSIS

    DK GOEL|Exercise Multiple Choice Questions|15 Videos

Similar Questions

Explore conceptually related problems

What is partnership

Features of a partnership firm are :

Metion the occasions on which reconstitution of partnership firm can take place.

Nature Of Partnership

Number of partners in a partnership firm may be :

The business assets of a firm are worth ₹ 2, 00 , 000 but the debts remain unpaid are worth ₹ 3,00,000 . What course of action can the creditors take in the following cases ? (a) The organisation is a sole proprietorship firm . (b) The organisation is a partnership firm with A and B , two partners sharing profit equally .

DK GOEL-DISSOLUTION OF A PARTNERSHIP FIRM-MULTIPLE CHOICE QUESTIONS
  1. In which condition a partnership firm is deemed to be dissolved ...

    Text Solution

    |

  2. Court can make an order to dissolve the firm when :

    Text Solution

    |

  3. On dissolution of a firm , realisation account is debited with

    Text Solution

    |

  4. On dissolution of a firm , out of the proceeds received from th...

    Text Solution

    |

  5. At the time of dissolution of firm , " Loan of partners "(Loans G...

    Text Solution

    |

  6. At the time of dissolution of firm , at which stage the balance...

    Text Solution

    |

  7. On firm 's Dissolution , which one of the following account sh...

    Text Solution

    |

  8. In the event of dissolution of a partnership firm , the provisi...

    Text Solution

    |

  9. On dissolution , if a partner undertakes to make payment of a liabi...

    Text Solution

    |

  10. Unrecorded liability , when paid on dissolution of a firm is de...

    Text Solution

    |

  11. On dissolution of a partnership firm , profit or loss on realisatio...

    Text Solution

    |

  12. On Dissolution of the firm , amount received from sale of unreco...

    Text Solution

    |

  13. Realisation A/C is a :

    Text Solution

    |

  14. In the event of dissolution of firm , the partner's personal asset...

    Text Solution

    |

  15. A partnership firm is compulsorily dissolved ):

    Text Solution

    |

  16. At the time of firm 's dissolution , Balance of general Reserve s...

    Text Solution

    |

  17. On dissolution , Goodwell account is transferred to ):

    Text Solution

    |

  18. At the time of dissolution of partnership firm , Fictitous asset...

    Text Solution

    |

  19. At time of dissolution of partnership firm , the balance of profi...

    Text Solution

    |

  20. At the time of dissolution of partnership firm , the amount of '...

    Text Solution

    |