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  3. Study Set
    Special Accounting
  4. Exam
    Exam 6: Dissolution and Settlement of Partnership Firm
  5. Question
    Dissolution of a Firm Leads to
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Dissolution of a Firm Leads to

Question 1

Question 1

Multiple Choice

Dissolution of a firm leads to


A) Continuing of business with the remaining partners
B) Closure of business
C) Merger with another firm
D) None of these

Correct Answer:

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Related Questions

Q2: When a firm is dissolved, project or

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Q5: Realization account Dr. To partner's capital a/c;

Q6: Realization account is closed by transfer of

Q7: If a partner takes over some assets

Q8: The account opened to close the various

Q9: Amount advanced by partner over and above

Q10: Goodwill appearing in the balance sheet at

Q11: On dissolution, all assets except cash are

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