Accounting · Dissolution of Partnership and Firm
Match LIST-I with LIST-II LIST-I (Concept/Type of Dissolution)LIST-II (Description/Condition)A. Dissolution of a partnershipI. Occurs when a partnership is at will and any partner provides written intimation to all other partners.B. Dissolution of a firmII. Implies the termination of the partnership among all partners along with the cessation of business operations.C. Compulsory dissolutionIII. Involves a change in the existing relations of partners while the firm continues its business.D. Dissolution by noticeIV. Occurs by the adjudication of all partners, or all but one, as insolvent. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-II, B-III, C-I, D-IV
- 2A-III, B-II, C-I, D-IV
- 3A-II, B-III, C-IV, D-I
- 4A-III, B-II, C-IV, D-I✓
Correct answer
A-III, B-II, C-IV, D-I
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