Question : Assertion (A): Dissolution of Partnership may or may not result into closing down of the business.
Reason (R): Dissolution of Partnership firm means close down of business and comes to an end.
Option 1: Both Assertion (A) and Reason (R) are true and (A) is correct explanation of Reason (R).
Option 2: Both Assertion (A) and Reason (R) are true but (A) is not correct explanation of Reason (R).
Option 3: Assertion (A) is true but Reason (R) is false.
Option 4: Reason (R) is true but Assertion (A) is false.
Correct Answer: Both Assertion (A) and Reason (R) are true but (A) is not correct explanation of Reason (R).
Solution : Both statements are true but both are different statements. The assertion is showing the concept of dissolution of the partnership but the reason is about the dissolution of the partnership firm. Hence, the correct option is 2.
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