Under which condition, dissolution of a

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Partnership

Question:

Under which condition, dissolution of a Partnership Firm by Court may take place :-

Options:

When all partners dies.

When the business of the firm is less profitable.

If tenure of Partnership mentioned in Partnership Deed is extended.

When a partner becomes insane.

Correct Answer:

When a partner becomes insane.

Explanation:

The correct answer is Option (4) → When a partner becomes insane.