Saved Bookmarks
| 1. |
Select the most appropriate alternative from those given below :All activities of the partnership firm cease (stop) on _________ of firm.OptionsDissolutionAdmissionRetirementNone of these |
|
Answer» All activities of the partnership firm cease (stop) on dissolution of firm. Explanation: Dissolution of a partnership firm involves discontinuance of the firm’s business, besides the termination of the existing partnership deed. Thus, at the time of dissolution of a partnership firm, all the activities of the firm tend to cease. |
|