Which of the following statements truly makes the distinction between Dissolution of Partnership and Dissolution of Firm: (A) In dissolution of…
CUET UG 2025 — Accountancy Partnership
Which of the following statements truly makes the distinction between Dissolution of Partnership and Dissolution of Firm:
(A) In dissolution of partnership, business is not terminated, while in dissolution of firm business is terminated.
(B) The Court intervenes in dissolution of Partnership because a partnership is not dissolved by mutual agreement. A firm can not be dissolved by court order.
(C) Economic relationships between partners continue in a changed form in dissolution of partnership. Economic relationships between the partners come to an end at the dissolution of the Firm.
(D) Dissolution of Partnership doesn't require permanent closure of books, while in Dissolution of firm books are closed.
Choose the correct answer from the options given below:
Held on 24 May 2025 · Verified 13 Jul 2026.
Options
- A
(A), (B) and (D) only
- B
(A), (C) and (D) only
- C
(A), (B), (C) and (D)
- D
(B), (C) and (D) only
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CUET UG Partnership in other years
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