Edzy
AI TutorResourcesToolsCompareBuy
SearchDownload AppLogin
Edzy

Edzy for Classes 6-12

Edzy is a personal AI tutor for CBSE and State Board students, with curriculum-aligned guidance, practice, revision, and study plans that adapt to each learner.

  • Email: always@edzy.ai
  • Phone: +91 96256 68472
  • WhatsApp: +91 96256 68472
  • Address: Sector 63, Gurgaon, Haryana

Follow Edzy

Browse by Class

  • CBSE Class 6
  • CBSE Class 7
  • CBSE Class 8
  • CBSE Class 9
  • CBSE Class 10
  • CBSE Class 11
  • CBSE Class 12
Explore the CBSE resource hub

Explore Edzy

  • Study Resources
  • Free Study Tools
  • Best Apps for Board Exams
  • Edzy vs ChatGPT
  • About Us
  • Why We Built Edzy
  • Blog
  • CBSE AI Tutor

Support & Legal

  • Help & FAQs
  • Accessibility
  • Privacy Policy
  • Terms & Conditions
  • Refund Policy
  • Cookie Policy
  • Site Directory

© 2026 Edzy. All rights reserved.

Curriculum-aligned learning paths for students in Classes 6-12.

DP
Question Practice

What are the consequences of insolvency of partners in a firm?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

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

What are the consequences of i...

Single Answer MCQ
Q-00082337

What are the consequences of insolvency of partners in a firm?

1

The firm continues as usual.

2

Dissolution by consent is required.

3

Compulsory dissolution may occur.

4

Only profits are affected.

Previous QuestionNext Question

Video Explanation

Answer

Solution:

Watch Video Solution

Login to get access

Keep Practising

Students who asked this also explored

Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

What is the meaning of dissolution of partnership firm?

Single Answer MCQ
View explanation
Q2.

Differentiate between dissolution of partnership and dissolution of partnership firm.

Single Answer MCQ
View explanation
Q3.

Describe the various modes of dissolution of a partnership firm.

Single Answer MCQ
View explanation
Q4.

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

Single Answer MCQ
View explanation