English

Assertion (A): If A, B, C and D are partners, D’s son will automatically become the new partner in case of D’s death. - Accounts

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Question

Assertion (A): If A, B, C and D are partners, D’s son will automatically become the new partner in case of D’s death. 

Reason (R): D’s son will become the new partner only if majority of the remaining partners agree to admit him into partnership.

In the context of the above two statements, which of the following is correct?

Options

  • Both (A) and (R) are correct and (R) is the correct reason of (A).

  • Both (A) and (R) are correct but (R) is not the correct reason of (A).

  • Only (R) is correct.

  • Both (A) and (R) are wrong.

MCQ
Assertion and Reasoning
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Solution

Both (A) and (R) are wrong.

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Chapter 4: Retirement or Death of a Partner - OBJECTIVE TYPE QUESTIONS [Page 4.200]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 4 Retirement or Death of a Partner
OBJECTIVE TYPE QUESTIONS | Q 3. | Page 4.200
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