Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

Which among the following are NOT the modes of dissolution of partnership?

A. Dissolution by notice 
B. Change in profit-sharing ratio
C. Dissolution by Agreement
D. Death of partner
E. Insolvency of partner
F. Completion of venture
G. Compulsory dissolution

Choose the correct answer from the options given below.

Options:

A, C, D, G

B, D, E, F

D, F, G

A, C, G

Correct Answer:

A, C, G

Explanation:

The correct answer is option 4- A, C, G.

These options belongs to dissolution of partnership firm. Other options belongs to dissolution of partnership only.

The dissolution of a partnership can take place in any of the following ways:
*Change in existing profit sharing ratio among partners.
*Admission of a new partner.
*Retirement of a partner.
*Death of a partner.
*Insolvency of a partner.
*Completion of the venture, if the partnership is formed for that purpose.
*Expiry of the period of partnership, if the partnership is for a specific period of time.