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DP
Question Practice

Is it necessary to close the books of account during the dissolution of a partnership firm?

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MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Dissolution of Partnership Firm
Question Bank

Is it necessary to close the b...

Single Answer MCQ
Q-00002993

Is it necessary to close the books of account during the dissolution of a partnership firm?

1

Yes, to prevent fraud

2

No, books can remain open

3

Yes, to distribute profits

4

No, books are closed only in case of bankruptcy

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Q1.

What is the meaning of dissolution of partnership firm?

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Differentiate between dissolution of partnership and dissolution of partnership firm.

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Q3.

Describe the various modes of dissolution of a partnership firm.

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Q4.

Explain the rules relating to the settlement of claims among all partners during dissolution.

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