Identify which of the following will lead to dissolution of partnership but NOT dissolution of the firm
Held on 20 Jun 2023 · Verified 13 Jul 2026.
When the business of the firm becomes illegal
When a partner becomes insane
When a partner persistently commits breach of partnership agreement
When there is change in existing profit sharing ratio among partners
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An unrecorded asset is taken over by a creditor in full settlement in such a case
The liability of partners is
As per AS-26 Intangible assets like goodwill should be written off.
Identify the correct statement from the given below :-
By virtue of which section of the Indian Partnership Act 1932, partnership is defined as 'the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all'.
Work through every CUET UG Partnership PYQ, year by year.