The ------ has distinguished the 'dissolution of partnership' from 'dissolution of firm'.
A) Companies act 1956
B) Banking regulation act 1949
C) Indian partnership act 1932
D) Insurance act 1938
Correct Answer:
Verified
Q9: On dissolution, all assets except cash are
Q10: If a partner takes over some assets
Q11: In the case of dissolution of the
Q12: A partnership which can be dissolved at
Q13: Liabilities to third parties are paid -------------
A)First
B)Second
C)Third
D)Lastly
Q15: Dissolution of a firm leads to
A)Continuing of
Q16: Amount advanced by partner over and above
Q17: The nominal account prepared to close the
Q18: Realization account is closed by transfer of
Q19: Realization account Dr. To partner's capital a/c;
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