Question : According to —— the dissolution of partnership between all the partners of a firm is called dissolution of the partnership firm.
Option 1: Section 38, of Indian partnership Act 1932
Option 2: Section 39, of Indian partnership Act 1932
Option 3: Section 32, of Indian partnership Act 1932
Option 4: Section 40, of Indian Partnership Act 1932
Correct Answer: Section 39, of Indian partnership Act 1932
Solution : The dissolution of a partnership firm is defined as the dissolution of all partnerships between partners of a firm in Section 39 of the Indian Partnership Act of 1932.
Hence the correct answer is option 2.
Question : The dissolution of partnership between all the partners of a firm is called:
Question : Which section of partnership Act defines the rule for selling of private debts and firm’s debt at the time of dissolution ——–
Question : On dissolution of the firm, partner A demands that his loan of Rs. 1,00,000 should be paid before payment of Capitals of the partners, whereas partners B and C demand that Capitals should be paid before the payment of A's loan. State the order of payment.
Question : Dissolution by agreement implies ——-
Question : Which section of the Partnership Act specifies the mode of settlement of accounts on the dissolution of a partnership firm?
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