Advertisement Remove all ads

State Any Two Situations When a Partnership Firm Can Be Compulsorily Dissolved. - Accountancy

Short Note

Answer the following question:
State any two situations when a partnership firm can be compulsorily dissolved.

Advertisement Remove all ads

Solution

Following are the two situations when a partnership firm can be compulsorily dissolved:

  1. When all the partners or all the partners except one become insolvent.
  2. The happening of an event or any change in the government policies that makes the business of the firm unlawful.
Concept: Dissolution of Partnership Firm
  Is there an error in this question or solution?
Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×