Dissolution Questions

According to which section of the partnership Act 1932, the dissolution of a partnership between all the partners of a firm is called the dissolution of the firm?

Which of the following will lead to dissolution of partnership firm by agreement?

In which of the following case court can order dissolution of a partnership firm.

Dissolution of a partnership firm may be ordered by the court on the following grounds:(A) when a partner becomes insane.(B) when a partner becomes permanently incapable of performing his duties as partner.(C) when a partner acts in good faith(D) when it is regarded just and equitable by the court.Choose the correct answer from the options given below:

Stock at the time of dissolution was appearing in books at Rs 50,000. Half of the stock was sold at a discount of 20% and the remaining was taken over by one of the partners at a 10% discount. What amount was received in cash at the time of realization of stock.

Match List-I with List-IIList-IList-II(A) Compulsory Dissolution(III) Business becomes illegal(B) Dissolution by notice(IV) Partnership at will(C) Dissolution by Court(I) Partner becomes insane(D) Dissolution on certain contingencies(II) Death of a partnerChoose the correct answer from the options given below:

At the time of dissolution, a firm transferred Rs.100,000 Assets to the realization account and 50% of the assets were taken over by Kiran at 20% discount. How much net assets were taken over by Kiran?

In case of dissolution of a partnership firm, losses, including deficiencies of capital, shall be paid first out of ...............

Match List-I with List-IIList-IList-II(A) Payment of loans due to partners(iv) Partner's Loan A/c Dr. To Bank A/c(B) For settlement of partners' accounts, in case their capital account shows a debit balance(iii) Bank A/c Dr. To Partner's Capital A/c(C) For settlement of loan by a firm to a partner(ii) Bank A/c Dr. To loan to partners A/c(D) For settlement of any unrecorded liability(i) Realisation A/c Dr To Bank A/cChoose the correct answer from the options given below: