✓ Board-verified
Accountancy · 2022 · 2 marks
CBSE 2022 · Region 1 · Set 1 · Q2
State any two situations when compulsory dissolution of a partnership firm takes place.
State any two situations when compulsory dissolution of a partnership firm takes place.
Marking-scheme solution
Situations when Compulsory dissolution of a partnership firm takes place
(any two):
(a)
When all the partners or all but one partner becomes insolvent rendering them
incompetent to sign a contract.
(b)
When the business of the firm becomes illegal.
(c)
When some event has taken place which makes it unlawful for the partners to
carry on the business of the firm in partnership.
All Dissolution of Partnership Firm questions2022 question paperPractice Dissolution of Partnership Firm →
More from Dissolution of Partnership Firm
- Pass necessary Journal Entries for the following transactions, on the dissolution of a partnership firm of Kavita and Suman on 31st March, 2022,…2023
- Distinguish between 'Dissolution of Partnership' and 'Dissolution of Partnership Firm' on the basis of: (i) Closure of books (ii) Termination of…2022
- Pass necessary journal entries for the following transactions on the dissolution of the partnership firm of Mansha and Rajiv after various assets…2025
- Pass the necessary journal entries for the following transactions on the dissolution of the firm of Abhay and Mansi after various assets (other than…2024
- Rishi, Manu and Komal were partners in a firm sharing profits and losses in the ratio of 3: 4: 5. On 31st March, 2024 their firm was dissolved. After…2025
- Pass the necessary journal entries for the following transactions on the dissolution of the partnership firm of Sami and Usha after various assets…2025
- Total assets of a partnership firm, which was dissolved were ₹ 30,00,000 and its total liabilities were ₹ 6,00,000. Assets were realised at 80% and…2023
- Pass necessary journal entries for the following transactions on the dissolution of a firm after various assets (other than cash) and outside…2023
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.