According to section..... of the Indian Partnership Act, 1932, dissolution of partnership between all the partners of a firm is called the dissolution of the firm.

ACCOUNTING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

According to section____ of the Indian Partnership Act, 1932, dissolution of partnership between all the partners of a firm is called the ‘dissolution of the firm’.

A	19
B	29
C	39
D	49

Explanation:

Detailed explanation-1: -According to Section 43 of the Indian Partnership Act, 1932, if the partnership is at will, then any partner can give notice in writing to all other partners informing them about his intention to dissolve the firm. In such cases, the firm is dissolved on the date mentioned in the notice.

Detailed explanation-2: -39. Dissolution of a firm.-The dissolution of partnership between all the partners of a firm is called the ‘dissolution of the firm’.

Detailed explanation-3: -(1) Where the partnership is at will, the firm may be dissolved by any partner giving notice in writing to all the other partners of his intention to dissolve the firm.

Detailed explanation-4: -Hence, the dissolution of partnership between all partners of a firm is called the dissolution of the firm.

Detailed explanation-5: -Section 48 in The Indian Partnership Act, 1932.

There is 1 question to complete.

GENERAL KNOWLEDGE

GK

ACCOUNTING