---------------- of the Indian Partnership Act, 1932 states that when the partnership between all the partners of a firm comes to an end, it is called dissolution of the firm

Related MCQs

• The ------ has distinguished the ‘dissolution of partnership’ from ‘dissolution of firm’.
• In the event of dissolution of firm the partners personal assets are first used for payment of -------------- liabilities
• When the relation of partnership among different partners changes without affecting the entity of the firm it is called------
• On dissolution, partners loan, if any, will be paid ---------
• A partnership which can be dissolved at any time by giving notice to other partners is known as ------------------
• The account opened to close the various assets and liabilities of the firm on dissolution is called ------------- account
• In the case of dissolution of the firm , the account opened for closing various items in the balance sheet is called ----------------
• -----------of partnership firm means closing the business of the firm
• On dissolution of firm creditors are paid --------
• On dissolution of firm -------- are paid first