Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Dissolution of Partnership Firm

Question:

The court does not intervene because............... is dissolved by mutual agreement and firm continues with modifications.

Options:

Only partnership

Partnership firm

Joint stock Company

None of these

Correct Answer:

Only partnership

Explanation:

The correct answer is option 1- Only partnership.

In the Dissolution of a Partnership, the Economic relationship between the partners continues though in a changed form. The court does not intervene because partnership is dissolved by mutual agreement.