Which of the following method(s) is/are followed for the purpose of 'piecemeal distribution' in the case of dissolution of a partnership firm?
1.Proportionate Capital Method
2. Maximum Possible Loss Method
3. Reconstruction and Distribution Method
Select the correct answer using the codes given below.

3 alone

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1 and 3

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2 and 3

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1 and 2

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Solution

The correct option is D 1 and 2
Proportionate capital method and maximum possible loss method are the methods followed for dissolution of a partnership firm. Piecemeal distribution means where dissolution takes time as realisation of cash takes time.

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Q. Which of the following pairs of methods of loss of Indian citizenship and its description is/are correctly matched?

Method	Description
1. Renunciation	Giving up Indian citizenship by a declaration.
2. Termination	Government compulsorily terminates citizenship of a person.
3. Deprivation	Automatic loss of citizenship on acquiring citizenship of another country.

Q. Which of the following pairs of methods of loss of Indian citizenship and its description is/are correctly matched?

	Method	Description
1	Renunciation:	Giving up Indian citizenship by a declaration.
2	Termination:	The government compulsorily terminates citizenship of a person.
3	Deprivation:	Automatic loss of citizenship on acquiring citizenship of another country.

Select the correct answer using the codes given below.

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