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CLASS – XII

                                                      ACCOUNTANCY

                                        HOME ASSIGNMENT – DISSOLUTION OF FIRMS

               01. In which condition the partnership firm will dissolved


               A) On Admission of partner


               B) On loss of the Firm


               C) On the expiry of the of the period of the firm


               D) None of the above


               02. Court can make an for dissolution of the firm:



               (a) When partnership deed is followed


               (b) When Firm is expecting profit


               (c) All the partners are insolvent


               (d) None of the above



               03. On dissolution of the firm the payment will be made first to :

                a) partner Capital

               b) Partner’s loan

               c) Outside creditors

               d) none of these


               04.On dissolution of the firm which account is prepared at the last :

                a) Partner’s capital account

               b) Revaluation account

               c) Cash account

               d) Balance sheet


               05. The partnership may come to an end due to the:
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