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Home Questions A35S7PG97P
Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

At the time of dissolution of the firm, books of account of the firm are.........

Options:

Closed

Continuous

Given to agents

Given to registrar

Correct Answer:

Closed

Explanation:

The correct answer is option 1- Closed.

At the time of dissolution of the firm, the books of account of the firm are closed.

Dissolution of Partnership does not require the closure of books whereas in the case of dissolution of the firm the books of account of the firm are closed because the firm does not exist anymore.

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