Multiple Choice
A partnership which can be dissolved at any time by giving notice to other partners is known as ------------------
A) Particular partnership
B) Partnership at will
C) General partnership
D) None of these
Correct Answer:
Verified
Correct Answer:
Verified
Q11: On dissolution, all assets except cash are
Q12: On dissolution, partners loan, if any, will
Q13: Realization account Dr. To asset a/c, this
Q14: The nominal account prepared to close the
Q15: Find the odd one<br>A)Retirement of a partner<br>B)Death
Q17: ---------------- of the Indian Partnership Act, 1932
Q18: -------------- is a situation where in existing
Q19: When a liability is assumed by a
Q20: Liabilities to third parties are paid -------------<br>A)First<br>B)Second<br>C)Third<br>D)Lastly
Q21: In the event of dissolution of firm