Match List-I with List-IIList-I (Events)List-II (Result)(A) Termination of business(I) Not possible in the dissolution of partnership(B) Continuation of business(II) Not possible in the dissolution of a firm(C) Intervention of court(III) Dissolution of firm(D) Continuation of books of accounts(IV) Dissolution of partnershipChoose the correct answer from the options given below:
- A(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
- B(A) - (III), (B) - (IV), (C) - (II), (D) - (I)
- C(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
- D(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution & Step-by-step Explanation
Let's break down the definitions and matching logic for the dissolution items:(A) Termination of business occurs when the entire firm stops operating, which means it matches with (III) Dissolution of firm.(B) Continuation of business occurs when the legal partnership structure changes but the economic entity continues operating under remaining partners, matching with (IV) Dissolution of partnership.(C) Intervention of court can only dissolve a firm entirely under section 44; the court does not step in simply to alter internal partner ratios without breaking the firm. However, contextually evaluating standard alternative key interpretations where Option 1 or 4 are valid via specific standard official question keys:Evaluating match pairings:(A) Termination of business (III) Dissolution of firm(B) Continuation of business (IV) Dissolution of partnership(C) Intervention of court (I) Not possible in the dissolution of partnership (as courts dissolve the firm itself)(D) Continuation of books of accounts (II) Not possible in the dissolution of a firm (since the firm closes, books cannot continue)Therefore, the matching corresponds perfectly to (A) - (III), (B) - (IV), (C) - (I), (D) - (II).