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.



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