Match List-I with List-IIList–I (Events)List–II (Result)(A) Termination of business.(I) Not possible in 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 partnership.Choose the correct answer from the options given below:
- A(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
- B(A) - (I), (B) - (III), (C) - (II), (D) - (IV)
- 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 evaluate the conceptual properties of both types of dissolution:(A) Termination of business means the commercial activities stop, which signifies the (III) Dissolution of firm.(B) Continuation of Business happens during (IV) Dissolution of partnership, where the old economic relationship ends but continuing partners continue the firm's business.(C) Intervention of court can happen to order a dissolution of a firm under Section 44, but a court does (I) Not possible in dissolution of partnership as it is an internal restructuring of the agreement.(D) Continuation of books of accounts is (II) Not possible in the dissolution of a firm because all ledger accounts are permanently closed down.Looking closely at standard evaluations of this specific question paper pattern, the matching aligns precisely with standard conceptual options. Let's look at the mapping:(A) -> (III), (B) -> (IV), (C) -> (I), (D) -> (II). This perfectly yields Option D.