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Question

Which of the following sections lays down the rules for the settlement of accounts after dissolution?

A
Sec. 48
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B
Sec. 56
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C
Sec. 58
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D
Sec. 59
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Solution

The correct option is A Sec. 48
According to the provisions of the Indian Partnership Act, 1932, Section 48 lays down the rules for the settlement of accounts after dissolution. This section deals with various rules to be followed for settlement of account.

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