Accountancy Part ADissolution of Partnership Firm

According to which section of the partnership Act 1932, the dissoluti…

According to which section of the partnership Act 1932, the dissolution of a partnership between all the partners of a firm is called the dissolution of the firm?

Answer & explanation

Correct answer: option 4

The correct answer is Option (4) → Section 39

NCERT (2026-27 edition):
Dissolution of Partnership Firm – “… According to Section 39 of the partnership Act 1932, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm.”