A firm is dissolved compulsorily in the following cases: (A) When all the partners or all but one partner, become insolvent, rendering them…
CUET UG 2025 — Accountancy Partnership
A firm is dissolved compulsorily in the following cases:
(A) When all the partners or all but one partner, become insolvent, rendering them incompetent to sign a contract.
(B) When the business of the firm becomes illegal
(C) Change in existing profit sharing ratio among partners
(D) When some event has taken place which makes it unlawful for the partners to carry on the business of the firm in partnership.
Choose the correct answer from the options given below:
Held on 30 May 2025 · Verified 13 Jul 2026.
Options
- A
(A), (B) and (D) only
- B
(A), (B) and (C) only
- C
(A), (B), (C) and (D)
- D
(B), (C) and (D) only
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