When partners mutually decide to dissolve the firm (here, due to ill health of B, both agreed to dissolve), it is called Dissolution by Agreement under Section 40 of the Partnership Act. It is not by notice, court order, or specific contingency.
CUET UG 2022 — Accountancy Partnership
Due to the ill health of B, they decided to dissolve the firm. It comes under ____ form of dissolution.
Held on 30 Aug 2022 · Verified 13 Jul 2026.
Dissolution by Notice
On the happening of certain contingencies
Dissolution by court
Dissolution by Agreement
Sign in to track your attempts and accuracy.
Sign in to keep a private note on this question. Nothing you write is ever public.
As per AS-26 Intangible assets like goodwill should be written off.
Match List-I with List-II | List-I | List-II | |---|---| | Revaluation of assets and reassessment of liabilities at the time of admission of a new partner | Journal Entry | | (A) For increase in the value of an asset | (I) Revaluation A/c Dr. To Asset A/c | | (B) For reduction in the amount of a liability | (II) Revaluation A/c Dr. To Liability A/c | | (C) For reduction in the value of an asset | (III) Asset A/c Dr. To Revaluation A/c | | (D) For appreciation in the amount of a liability | (IV) Liability A/c Dr. To Revaluation A/c | Choose the correct answer from the options given below:
Amount of Assets realized debited to Bank Account will be:
Match List-I with List-II If the partnership deed is silent regarding the items provided in List-I | List-I | List-II | |---|---| | (A) Interest on Capital | (I) to be shared equally | | (B) Interest on Loan | (II) not charged | | (C) Interest on Drawings | (III) not payable | | (D) Sharing of Profits | (IV) @6% p.a. | Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | (A) Sacrificing ratio | (I) Dissolution of Partnership | | (B) Gaining Ratio | (II) Admission of a New Partner | | (C) Executors Account | (III) Retirement of a Partner | | (D) Realisation Account | (IV) Death of a Partner | Choose the correct answer from the options given below:
Work through every CUET UG Partnership PYQ, year by year.