Question : In which condition a partnership firm is deemed to be dissolved?
Option 1: On retirement of a partner
Option 2: On expiry of the period of partnership
Option 3: On a partner’s admission
Option 4: On loss in partnership

Question

Question : In which condition a partnership firm is deemed to be dissolved?

Option 1: On retirement of a partner

Option 2: On expiry of the period of partnership

Option 3: On a partner’s admission

Option 4: On loss in partnership

Team Careers360 · Accepted Answer

Correct Answer: On expiry of the period of partnership

Solution : A partnership firm could be for a set amount of time. The Partnership firm will be dissolved when that time period has passed.

Hence the Correct answer is option 2

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Question : In which condition a partnership firm is deemed to be dissolved?Option 1: On retirement of a partnerOption 2: On expiry of the period of partnershipOption 3: On a partner’s admissionOption 4: On loss in partnership

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Question : In which condition a partnership firm is deemed to be dissolved?
Option 1: On retirement of a partner
Option 2: On expiry of the period of partnership
Option 3: On a partner’s admission
Option 4: On loss in partnership