MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Introduction to Dissolution

When the firm...

Question

When the firm ceases its operations completely, it is called _____________

A

dissolution of an agreement

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

dissolution of the firm

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

May or may not cause dissolution

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
dissolution of the firm

When the firm ceases its operations completely, it is called dissolution of the firm.

Suggest Corrections

thumbs-up

0

Similar questions

Q. When the firm ceases its operations completely, it is called dissolution of the .

Q. The court may not order dissolution of a firm on permanent incapacity of a ______________ .

Q. Under the Partnership Act, on which of these grounds a partner of a firm may sue for dissolution of the firm :

Q. A partner may apply to the court for dissolution of the firm on _______.

Q. In which of the following ways a partnership firm may be dissolved?
I. Dissolution by Agreement
II. Compulsory dissolution
III. Dissolution by Notice
IV. Dissolution by court

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Dissolution of Partnership Vs Firm

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Introduction to Dissolution

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon