✓ 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.
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.
More from Dissolution of Partnership Firm
- Pass necessary Journal Entries for the following transactions, on the dissolution of a partnership firm of…2023
- Distinguish between 'Dissolution of Partnership' and 'Dissolution of Partnership Firm' on the basis of: (i)…2022
- Pass necessary journal entries for the following transactions on the dissolution of the partnership firm of…2025
- Pass the necessary journal entries for the following transactions on the dissolution of the firm of Abhay and…2024
- Rishi, Manu and Komal were partners in a firm sharing profits and losses in the ratio of 3: 4: 5. On 31st…2025
- Pass the necessary journal entries for the following transactions on the dissolution of the partnership firm…2025
- Total assets of a partnership firm, which was dissolved were ₹ 30,00,000 and its total liabilities were ₹…2023
- Pass necessary journal entries for the following transactions on the dissolution of a firm after various…2023
CBSE Class 12 Accountancy past-paper question from the 2022board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.