✓ Board-verified
Accountancy · 2022 · 2 marks
CBSE 2022 · Region 1 · Set 2 · Q2
State any two situations when dissolution of a partnership firm takes place on Courts orders.
State any two situations when dissolution of a partnership firm takes place on Courts orders.
Marking-scheme solution
Situations when dissolution of a partnership firm takes place on Court’s
orders (any two):
(a)
When a partner becomes insane.
(b)
When a partner becomes permanently incapable of performing his duties as a
partner.
(c)
When a partner is guilty of misconduct which is likely to adversely affect the
business of the firm.
(d)
When a partner persistently commits breach of partnership agreement.
(e)
When a partner has transferred the whole of his interest in the firm to a third
party.
(f)
When the business of the firm cannot be carried on except at a loss.
(g)
When, on any ground, the court regards dissolution to be just and equitable.
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.