Download App

P1 C7 DISSOLUTION OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C7 DISSOLUTION OF PARTNERSHIP1 Mark
Question
On occurrence of which specific events. the firm automatically gets dissolved?
✓

Answer

As and when any firm is formed for a specific period of time or for some specific object, on completion of the specific time period or the specific object, the firm automatically gets dissolved.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Each" from P1 C7 DISSOLUTION OF PARTNERSHIP→P1 C7 DISSOLUTION OF PARTNERSHIP — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

When partners' loan to the firm is paid on dissolution of partnership firm ?
→
Normally, what is the purpose to form a company limited by guarantee ?
→
In which activity the dividend paid is recorded ?
→
How partners of a partnership firm can enter a new partner in a business?
→
State the types of employee benefit expenses.
→
State the 'other special benefits' regarding factors affecting valuation of goodwill.
→
State the methods for the valuation of goodwill.
→
Which transactions are always financing activities?
→
Farmers drawing account will be closed and transferred to which account at the end of the year?
→
Describe the types of financial analysis on the basis of parties.
→