Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Dissolution of Partnership Firm

Question:

It is stated that the partner has agreed to bear the expenses of dissolution but it is not stated who will pay the expenses whether the firm or partner, then who will pay the expenses?

Options:

Partner

Firm

Third party

None of these

Correct Answer:

Partner

Explanation:

The correct answer is option 1- Partner.

In the absence of information about who is paying the expenses, it is implied that expenses are paid by the partner who has agreed to bear expenses. So, the correct answer is partner.