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Byju's Answer
Standard XII
Accountancy
Partner's Capital Account Adjustments(Death)
Dissolution o...
Question

Dissolution of partnership must take place when ___________________.

A
A partner misbehaves
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B
A partner becomes of unsound mind
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C
Business is running at a loss
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D
A partner dies
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Solution

The correct option is D A partner dies
When a partner dies, subject to any contract to the contrary, the partnership is dissolved. Section 42 of the Indian Partnership Act, 1932 provides for dissolution of partnership on the occurrence of certain contingencies which includes 'death of the partner' as one of those contingencies.

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Standard XII Accountancy
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