Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

On the happening of certain contingencies, Subject to contract between the partners, a firm is dissolved,

(A) if constituted for a fixed term, by the expiry of that term.
(B) if constituted to carry out one or more ventures, by the completion thereof.
(C) by the death of a partner
(D) by the adjudication of a partner as an insolvent

Choose the correct answer from the options given below:

Options:

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer:

(A), (B), (C) and (D)

Explanation:

The correct answer is Option (3) → (A), (B), (C) and (D)