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Accountancy · 2022 · 2 marks
CBSE 2022 · Region 5 · Set 3 · Q2
Distinguish between 'Dissolution of Partnership' and 'Dissolution of Partnership Firm' on the basis of: (i) Closure of books (ii) Termination of…
Distinguish between 'Dissolution of Partnership' and 'Dissolution of Partnership Firm' on the basis of : (i) Closure of books (ii) Termination of business
Marking-scheme solution
Basis Dissolution of Dissolution of Partnership
Partnership Firm
(i)
Closure of Not required as the The books of account are
books business is not terminated closed
(ii)
Termination The business is not The business of the firm is
of business terminated closed
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CBSE Class 12 Accountancy past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.