CUET UG Accountancy Booster Test 2 Judicial Dissolution of Partnership Firm -

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CUET UG Accountancy Booster Test 1 Judicial Dissolution of Partnership Firm

⏱️ 30 Minutes

❓ 20 Questions

📌 Answers are locked once submitted — results and explanations appear at the end.

CUET UG Accountancy Booster Test 1 Judicial Dissolution of Partnership Firm

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QUESTION 1 OF 20

Consider the following regarding the insanity of a partner:
I. It results in compulsory dissolution without a court order.
II. It is a ground for dissolution by the court at the suit of a partner.
III. The insane partner cannot file the suit themselves; another partner must do it.

Answer Review

1 Consider the following regarding the insanity of a partner:
I. It results in compulsory dissolution without a court order.
II. It is a ground for dissolution by the court at the suit of a partner.
III. The insane partner cannot file the suit themselves; another partner must do it.

A I only

B I and II only

C II and III only

D I, II, and III

💡 Short Explanation

Insanity is a court ground for dissolution. Another partner files the suit. It is not automatic compulsory dissolution.

✅ Correct Answer Explanation

Under the Indian Partnership Act, insanity of a partner is a valid ground for dissolution by the court upon a suit filed by another partner. The dissolution does not occur automatically; court intervention is necessary. Since the insane partner may not be legally competent to file the suit, another partner initiates the legal process. Therefore, statements II and III are correct.

❓ Why Other Options Are Incorrect

Option A → Statement I is incorrect because dissolution is not automatic.
Option B → Statement I remains incorrect.
Option D → All statements are not correct.

🎯 Strategy

Used: Elimination

Application:

The key distinction is between compulsory dissolution and court-ordered dissolution.

Final Logic:

Insanity requires court intervention; hence only II and III are correct.

🧠 Memory Trick

"Insanity → Court, not automatic."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Insanity of Partner – Page X

2 Partner A suffers a severe accident, leaving them permanently incapable of performing their duties. Partner B wants to dissolve the firm. How can this be executed?

A Partner B can file a suit in court for dissolution on grounds of incapacity.

B The firm dissolves automatically the moment the accident occurs.

C Partner A must give a notice in writing.

D It falls under compulsory dissolution without court intervention.

💡 Short Explanation

Permanent incapacity is a court ground. Dissolution requires legal suit. No automatic dissolution occurs.

✅ Correct Answer Explanation

Permanent incapacity of a partner is a recognized ground for dissolution by court. Another partner may file a suit requesting dissolution. Since incapacity does not automatically dissolve the firm, court intervention is required.

❓ Why Other Options Are Incorrect

Option B → Dissolution is not automatic.
Option C → Written notice applies to partnership at will.
Option D → It is not compulsory dissolution.

🎯 Strategy

Used: Direct Concept Recall

Application:

The question directly tests dissolution by court due to incapacity.

Final Logic:

Court suit by another partner is legally required.

🧠 Memory Trick

"Incapacity → Court capacity."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Incapacity of Partner – Page X

3 Match the concepts related to partner misconduct:

List 1	List 2
1. Misconduct Impact	a. Adversely affects business
2. Court's Role	b. May order dissolution
3. Innocent Partner	c. Files the suit
4. Dissolution Type	d. Dissolution by Court

A 1-a, 2-b, 3-c, 4-d

B 1-b, 2-d, 3-c, 4-a

C 1-c, 2-a, 3-d, 4-b

D 1-d, 2-c, 3-b, 4-a

💡 Short Explanation

Misconduct harms business. Court may order dissolution. Innocent partner files suit. It is dissolution by court.

✅ Correct Answer Explanation

Correct matching is: 1 → b (Misconduct adversely affects business) 2 → d (Court may order dissolution) 3 → c (Innocent partner files the suit) 4 → a (Dissolution by Court) Thus, Option B correctly matches all concepts.

❓ Why Other Options Are Incorrect

Option A → Court role and misconduct impact are mismatched.
Option C → Dissolution type incorrectly matched.
Option D → Innocent partner wrongly connected.

🎯 Strategy

Used: Option Grouping

Application:

Associating legal roles with correct consequences simplifies elimination.

Final Logic:

Only Option B correctly links all legal concepts.

🧠 Memory Trick

"Harm → Court → Suit → Dissolution."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Misconduct – Page X

4 Which of the following is conceptually true regarding a partner persistently committing a breach of agreement?

A It constitutes dissolution by agreement.

B It leads to the automatic bankruptcy of the firm.

C The partner must be expelled, but the firm cannot be dissolved.

D It gives grounds for the court to dissolve the firm upon a suit.

💡 Short Explanation

Persistent breach harms partnership trust. Court may dissolve the firm. Legal suit is necessary.

✅ Correct Answer Explanation

Persistent breach of partnership agreement by a partner gives other partners the right to seek dissolution through court. Such misconduct affects smooth functioning and mutual confidence.

❓ Why Other Options Are Incorrect

Option A → It is not dissolution by mutual agreement.
Option B → Breach does not automatically bankrupt the firm.
Option C → Court dissolution remains possible.

🎯 Strategy

Used: Contextual/Tonal Matching

Application:

The phrase "persistently committing breach" suggests legal remedy through court.

Final Logic:

Continuous breach provides court grounds for dissolution.

🧠 Memory Trick

"Persistent breach = Court reach."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Breach of Agreement – Page X

5 Assertion (A): Transferring a partner's entire interest to a third party is a valid ground for court-ordered dissolution.
Reason (R): It introduces a stranger to the firm without the consent of other partners, altering the agreed economic relationship.

A Both A and R are true, and R is the correct explanation.

B Both A and R are true, but R is not the correct explanation.

C A is true, but R is false.

D A is false, but R is true.

💡 Short Explanation

Entire transfer changes partnership structure. Third party enters without consent. Court may dissolve the firm.

✅ Correct Answer Explanation

Transfer of a partner's whole interest to a third party disrupts the agreed relationship among partners and introduces an outsider into the business arrangement. This is a recognized ground for court-ordered dissolution. The reason correctly explains the assertion.

❓ Why Other Options Are Incorrect

Option B → Reason directly explains assertion.
Option C → Reason is true.
Option D → Assertion is also true.

🎯 Strategy

Used: Contextual/Tonal Matching

Application:

The reason logically explains how partnership relations are disturbed.

Final Logic:

Whole-interest transfer legally justifies dissolution.

🧠 Memory Trick

"Whole transfer changes whole relation."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Transfer of Interest – Page X

6 When ownership changes due to court-ordered dissolution, how is the realization loss formulaically distributed?

A Transferred only to the partner who caused the dissolution.

B Capital Account Dr. to Realisation Account in equal ratio.

C Partners' Capital Accounts Dr. to Realisation Account in profit-sharing ratio.

D Realisation Account Dr. to Partners' Capital Accounts in profit-sharing ratio.

💡 Short Explanation

Realisation loss is borne by partners. Distribution follows profit-sharing ratio. Capital accounts are debited.

✅ Correct Answer Explanation

Loss on realization is transferred to partners' capital accounts in their profit-sharing ratio.

❓ Why Other Options Are Incorrect

Option A → Loss is shared collectively, not individually.
Option B → Equal ratio is not always applicable.
Option D → This entry represents realization profit, not loss.

🎯 Strategy

Used: Formula/Entry Recall

Application:

Understanding realization account treatment directly identifies the correct entry.

Final Logic:

Loss is debited to partners in profit-sharing ratio.

🧠 Memory Trick

"Loss → Capital Dr."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Realisation Loss – Page X

7 What specifically states that a firm can be dissolved if its business cannot be carried on except at a loss?

A Section 48 Rules

B Grounds for Dissolution by Court

C Dissolution by Agreement

D Compulsory Dissolution

💡 Short Explanation

Continuous losses justify court dissolution. Business impracticality is a legal ground. Court may intervene.

✅ Correct Answer Explanation

The Partnership Act provides that a court may dissolve a firm when business cannot continue except at a loss. This is included under grounds for dissolution by court.

❓ Why Other Options Are Incorrect

Option A → Section 48 deals with settlement rules.
Option C → Mutual agreement is unrelated.
Option D → Losses alone do not create compulsory dissolution.

🎯 Strategy

Used: Direct Concept Recall

Application:

The question directly asks the legal category.

Final Logic:

Continuous loss is a court ground.

🧠 Memory Trick

"Losses lead to legal losses."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Continuous Losses – Page X

8 A firm is dissolved due to business impracticality. Realisation expenses are Rs. 5,000. A partner, X, agreed to bear expenses but the firm paid the actual Rs. 5,000. What amount is debited to X's capital account?

A Rs. 1,000

B Rs. 4,000

C Rs. 0

D Rs. 5,000

💡 Short Explanation

X agreed to bear realization expenses. Firm initially paid the expenses. Entire amount is recovered from X.

✅ Correct Answer Explanation

When a partner agrees to bear realization expenses but the firm pays them, the firm recovers the amount from that partner's capital account. Hence Rs. 5,000 is debited to X's capital account.

❓ Why Other Options Are Incorrect

Option A → Incorrect partial amount.
Option B → Incorrect computation.
Option C → X remains liable.

🎯 Strategy

Used: Formula/Entry Recall

Application:

The accounting treatment of realization expenses directly determines the answer.

Final Logic:

Firm-paid expenses recoverable from X equal Rs. 5,000.

🧠 Memory Trick

"Bearer pays later."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Realisation Expenses – Page X

9 Arrange the steps when the court dissolves a firm on just and equitable grounds:
1. Transfer of Assets to Realisation Account
2. Court passes dissolution order
3. Payment of firm's debts
4. Settlement of partners' capital accounts

A 1, 2, 3, 4

B 2, 1, 3, 4

C 2, 3, 1, 4

D 3, 1, 4, 2

💡 Short Explanation

Court order comes first. Assets are realized. Liabilities are paid. Capital accounts settled finally.

✅ Correct Answer Explanation

The sequence begins with the court passing the dissolution order. Then assets are transferred to the Realisation Account, debts are paid, and finally partners' capital accounts are settled.

❓ Why Other Options Are Incorrect

Option A → Dissolution order must occur before realization.
Option C → Debts cannot be paid before realization.
Option D → Court order must come first.

🎯 Strategy

Used: Sequential Logic

Application:

Following dissolution procedures helps determine correct order.

Final Logic:

Legal dissolution precedes accounting realization.

🧠 Memory Trick

"Order → Realise → Pay → Settle."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Just and Equitable Grounds – Page X

10 Which of the following does NOT fall under the court's discretion for dissolution?

A A partner becoming of unsound mind

B A partner's permanent incapacity

C Just and equitable grounds

D Expiry of the fixed term of partnership

💡 Short Explanation

Fixed-term expiry is automatic. Court discretion applies to legal disputes. Court intervention unnecessary in expiry.

✅ Correct Answer Explanation

Expiry of a fixed partnership term results in dissolution by contingency and does not require court discretion. The other options are recognized grounds for court-ordered dissolution.

❓ Why Other Options Are Incorrect

Option A → Court may dissolve for insanity.
Option B → Court may dissolve for incapacity.
Option C → Court may dissolve on equitable grounds.

🎯 Strategy

Used: Odd One Out

Application:

Only one option represents automatic dissolution rather than court action.

Final Logic:

Expiry occurs automatically without court involvement.

🧠 Memory Trick

"Term ends naturally."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Court Discretion – Page X

11 On termination of business, the firm's total assets realized Rs. 2,00,000. Creditors are Rs. 90,000, Bank Overdraft is Rs. 20,000. If Realisation expenses are Rs. 5,000, what is the total cash outflow to external parties and expenses?

A Rs. 1,15,000

B Rs. 1,10,000

C Rs. 90,000

D Rs. 85,000

💡 Short Explanation

External liabilities include creditors and overdraft. Realisation expenses are also paid. Total outflow = 90,000 + 20,000 + 5,000.

✅ Correct Answer Explanation

The firm must pay: Creditors = Rs. 90,000 Bank Overdraft = Rs. 20,000 Realisation Expenses = Rs. 5,000 Total cash outflow: 90{,}000 + 20{,}000 + 5{,}000 = 1{,}15{,}000 Therefore, the correct answer is Rs. 1,15,000.

❓ Why Other Options Are Incorrect

Option B → Realisation expenses omitted.
Option C → Only creditors considered.
Option D → Overdraft and expenses ignored.

🎯 Strategy

Used: Substitution

Application:

Substituting all external liabilities and expenses into the total payment calculation gives the correct answer.

Final Logic:

All external claims and expenses must be settled upon dissolution.

🧠 Memory Trick

"Liabilities + Expenses = Outflow"

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Settlement of Liabilities – Page X

12 Which equation conceptually represents the settlement difference between firm closure and partnership reconstitution?

A Closure: Revaluation A/c is prepared; Reconstitution: Realisation A/c is prepared

B Closure: Assets = Liabilities; Reconstitution: Assets > Liabilities

C Closure: Books are closed via Realisation A/c; Reconstitution: Books continue via Revaluation A/c

D Closure: New Balance Sheet is drawn; Reconstitution: No Balance Sheet

💡 Short Explanation

Dissolution requires Realisation Account. Reconstitution uses Revaluation Account. Books continue only in reconstitution.

✅ Correct Answer Explanation

During dissolution of a firm, books are closed using the Realisation Account because assets are sold and liabilities settled. In reconstitution, business continues, so Revaluation Account is prepared merely to adjust values while books remain open. Hence, Option C is correct.

❓ Why Other Options Are Incorrect

Option A → Realisation and Revaluation Accounts are reversed.
Option B → This is not the conceptual distinction.
Option D → New Balance Sheet is usually prepared after reconstitution too.

🎯 Strategy

Used: Contextual/Tonal Matching

Application:

The distinction between closure and continuation identifies the correct accounting treatment.

Final Logic:

Realisation closes books; Revaluation adjusts continuing books.

🧠 Memory Trick

"Realise to close, Revalue to continue."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Revaluation vs Realisation – Page X

13 In the context of asset treatment, why are assets sold rather than revalued upon dissolution of a firm?

A Because revaluation is strictly prohibited by law.

B To increase the capital balances of the partners.

C Because the partners are starting a new business.

D Because the firm ceases to exist and must settle claims in cash.

💡 Short Explanation

Dissolution ends the firm completely. Assets are converted into cash. Claims must be settled practically.

✅ Correct Answer Explanation

When a firm dissolves, its existence ends completely. Therefore, assets must be sold and converted into cash so that liabilities can be paid and partner claims settled. Mere revaluation is insufficient because the business is not continuing. Hence, Option D is correct.

❓ Why Other Options Are Incorrect

Option A → Revaluation is not legally prohibited.
Option B → Asset sale is not intended to increase capitals.
Option C → Dissolution does not necessarily imply a new business.

🎯 Strategy

Used: Elimination

Application:

Options unrelated to cash settlement can be rejected immediately.

Final Logic:

Closure of firm requires actual realization of assets.

🧠 Memory Trick

"End of firm = Cash settlement."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Asset Treatment – Page X

14 Assertion (A): Secured loans have precedence over unsecured loans during liability settlement on dissolution.
Reason (R): Section 48 dictates the exact priority of external liabilities being paid before partner loans and capital.

A Both A and R are true, and R is the correct explanation.

B Both A and R are true, but R is not the correct explanation.

C A is true, but R is false.

D A is false, but R is true.

💡 Short Explanation

External liabilities are settled first. Secured claims get priority. Section 48 governs settlement order.

✅ Correct Answer Explanation

Section 48 of the Partnership Act provides the order for settlement of liabilities during dissolution. External liabilities are paid before partner loans and capital, and secured creditors enjoy priority over unsecured creditors. Thus, both the assertion and reason are true, and the reason correctly explains the assertion.

❓ Why Other Options Are Incorrect

Option B → Reason directly explains assertion.
Option C → Reason is true.
Option D → Assertion is also true.

🎯 Strategy

Used: Contextual/Tonal Matching

Application:

The reason clearly describes the legal basis for liability priority.

Final Logic:

Section 48 establishes liability settlement precedence.

🧠 Memory Trick

"Secured first, partners later."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Liability Settlement – Page X

15 In a "no intervention case" (dissolution by agreement/notice):
I. The court appoints a liquidator.
II. Partners can mutually agree to dissolve at any time.
III. In a partnership at will, written notice by one partner suffices.

A I and II only

B I and III only

C II and III only

D I, II, and III

💡 Short Explanation

Mutual agreement allows dissolution. Written notice works in partnership at will. Court liquidator is unnecessary.

✅ Correct Answer Explanation

In dissolution by agreement or notice, partners themselves manage dissolution without court intervention. Mutual agreement can dissolve the firm anytime, and in a partnership at will, written notice by one partner is sufficient. Statement I is incorrect because no court-appointed liquidator is required.

❓ Why Other Options Are Incorrect

Option A → Statement I is false.
Option B → Court liquidator is not involved.
Option D → All statements are not correct.

🎯 Strategy

Used: Elimination

Application:

The phrase "no intervention case" eliminates any court-related option.

Final Logic:

Only statements II and III fit non-court dissolution.

🧠 Memory Trick

"No court, only consent/notice."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Dissolution without Court – Page X

16 The court orders the dissolution of XYZ firm. The firm has an unrecorded liability of Rs. 10,000 which is paid. How is this recorded in the books?

A Credited to Realisation Account

B Debited to Realisation Account and Credited to Bank

C Debited to Partners' Capital Account directly

D Ignored as it was unrecorded

💡 Short Explanation

Unrecorded liabilities must be settled. Payment is recorded through Realisation Account. Bank decreases due to payment.

✅ Correct Answer Explanation

When an unrecorded liability is paid during dissolution, the entry passed is: Realisation Account Dr. To Bank Account This records the settlement of liability through the Realisation Account. Therefore, Option B is correct.

❓ Why Other Options Are Incorrect

Option A → Realisation Account must be debited, not credited.
Option C → Liability settlement is not directly adjusted in capital accounts.
Option D → Unrecorded liabilities must still be paid.

🎯 Strategy

Used: Formula/Entry Recall

Application:

Understanding dissolution journal entries identifies the correct treatment.

Final Logic:

Payment of liability decreases bank and increases realization loss.

🧠 Memory Trick

"Liability paid = Realisation Dr."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Unrecorded Liabilities – Page X

17 Arrange the accounting steps when there is continuity in partnership (reconstitution) compared to dissolution:
1. Revaluation of Assets
2. Adjustment of Goodwill
3. Preparation of New Balance Sheet
4. Distribution of Accumulated Profits

A 1, 3, 2, 4

B 4, 3, 1, 2

C 2, 1, 4, 3

D 1, 4, 2, 3

💡 Short Explanation

Revaluation occurs first. Accumulated profits adjusted. Goodwill adjusted afterward. New Balance Sheet prepared finally.

✅ Correct Answer Explanation

In partnership reconstitution: 1. Assets and liabilities are revalued. 2. Accumulated profits/losses are distributed. 3. Goodwill adjustments are made. 4. A new Balance Sheet is prepared. Thus, the correct order is 1, 4, 2, 3.

❓ Why Other Options Are Incorrect

Option A → Goodwill should precede final Balance Sheet.
Option B → Revaluation cannot occur after Balance Sheet.
Option C → Accumulated profits are usually adjusted earlier.

🎯 Strategy

Used: Sequential Logic

Application:

Following the standard reconstitution process helps determine correct order.

Final Logic:

Adjustments must precede final Balance Sheet preparation.

🧠 Memory Trick

"Revalue → Distribute → Goodwill → Balance Sheet."

📚 Class XII – Accountancy Part I – Chapter: Reconstitution of Partnership – Topic: Continuity in Partnership – Page X

18 Match the journal entries to the treatments when the firm ends:

List 1	List 2
1. Unrecorded Asset Sold	a. Bank Dr. to Realisation
2. Partner Takes Over Liability	b. Realisation Dr. to Partner's Capital A/c
3. Asset Taken by Partner	c. Partner's Capital A/c Dr. to Realisation
4. Expense Paid by Firm	d. Realisation Dr. to Bank

A 1-b, 2-a, 3-c, 4-d

B 1-d, 2-b, 3-a, 4-c

C 1-a, 2-c, 3-d, 4-b

D 1-c, 2-d, 3-b, 4-a

💡 Short Explanation

Sale of asset increases bank. Liability takeover benefits realization. Asset taken by partner reduces capital. Expenses reduce bank balance.

✅ Correct Answer Explanation

Correct matching: 1 → b (Bank Dr. to Realisation) 2 → a (Realisation Dr. to Partner's Capital) 3 → c (Partner's Capital Dr. to Realisation) 4 → d (Realisation Dr. to Bank) Thus, Option A is correct.

❓ Why Other Options Are Incorrect

Option B → Entries mismatched.
Option C → Incorrect treatment of asset takeover.
Option D → Wrong realization treatment.

🎯 Strategy

Used: Option Grouping

Application:

Associating each accounting event with its standard journal entry simplifies matching.

Final Logic:

Only Option A correctly matches all entries.

🧠 Memory Trick

"Sell-bank, Takeover-capital."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Journal Entries – Page X

📄 Passage

"When the firm is dissolved, its books of account are to be closed and the profit or loss arising on realisation of its assets and discharge of liabilities is to be computed. For this purpose, a Realisation Account is prepared... Hence, all assets (other than cash in hand... and fictitious assets) and all external liabilities are transferred to this account."

If books are NOT closed (meaning it is NOT a dissolution of the firm), which account is typically used instead of Realisation Account for asset changes?

A Realisation Account

B Revaluation Account

C Cash Account

D Drawings Account

💡 Short Explanation

Revaluation used during reconstitution. Realisation used only in dissolution. Books continue in reconstitution.

✅ Correct Answer Explanation

When the firm is reconstituted rather than dissolved, books are not closed. In such cases, Revaluation Account is prepared to adjust changes in asset and liability values. Therefore, Option B is correct.

❓ Why Other Options Are Incorrect

Option A → Used only in dissolution.
Option C → Cash Account does not record revaluation.
Option D → Drawings Account is unrelated.

🎯 Strategy

Used: Elimination

Application:

The phrase "books are NOT closed" eliminates Realisation Account.

Final Logic:

Continuing firms use Revaluation Account.

🧠 Memory Trick

"Continue = Revalue."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Revaluation vs Realisation – Page X

📄 Passage

According to the passage, which assets are NOT transferred to the Realisation Account during closure?

A Plant and Machinery

B Sundry Debtors

C Cash in hand, bank balance, and fictitious assets

D Investments

💡 Short Explanation

Cash already exists in liquid form. Fictitious assets are not realizable. Hence they are excluded.

✅ Correct Answer Explanation

During dissolution, all realizable assets are transferred to the Realisation Account except cash in hand, bank balance, and fictitious assets. Cash is already liquid, while fictitious assets do not have realizable value. Therefore, Option C is correct.

❓ Why Other Options Are Incorrect

Option A → Plant and Machinery is transferred for realization.
Option B → Debtors are realizable assets.
Option D → Investments are also transferred.

🎯 Strategy

Used: Conceptual Elimination

Application:

Assets already in cash form or non-realizable are excluded from realization.

Final Logic:

Only cash and fictitious assets stay outside Realisation Account.

🧠 Memory Trick

"Cash stays, fictitious fades."

📚 Class XII – Accountancy Part I – Chapter: Dissolution of Partnership Firm – Topic: Closure of Accounts – Page X

CUET UG Accountancy Booster Test 1 Judicial Dissolution of Partnership Firm

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