Dissolution of ...

According to Indian Partnership Act 1932 Dissolution of firm means:

Compulsory dissolution takes place when:

Dissolution by court will take place only when ____________

Compulsory dissolution will take place when _______

In what circumstances a partnership firm can be dissolve?

Which of the following account is not prepared at the time of dissolution?

In which circumstances partners’ can dissolve the firm without interference of the court?

Choose the current order of priority in settlement of liabilities and capital upon dissolution from items given below:

(a) Expense incurred on realization of assets such as commission, cartage, brokerage etc.

(b) All outside creditors

(c) Balances in Capital Accounts of partners

(d) Partner’s Loan accounts

Correct sequence is

At the time of dissolution a partner cannot take over _______

Name the Account which is prepared for finding the profit or loss on getting amount from selling of all assets and paying amount of liabilities.