NCERT Solutions Class 12 Accountancy Dissolution of Partnership Firm

NCERT Solutions Class 12 Accountancy Dissolution of Partnership Firm. The NCERT solutions for Class 12 Accountancy book have been made by Accountancy teacher of one of the best CBSE school in India. Accountancy in class 12 is an important subject for commerce students. Its easy to learn and can help to get good marks. These NCERT solutions have been made to give detailed answers and explanations which can be easily understood by the students. Accountancy for commerce students is rather so important that in all future cources or even in graduation accountancy is the main subject and if understood properly can bethe most scoring also. You can download the NCERT solutions for free in pdf format. Refer to other links also to download Class 12 Accountancy NCERT solutions, worksheets, sample papers and test papers.

TEST YOUR UNDERSTANDING

Question 1. Dissolution of a partnership is different from dissolution of a firm.

Answer True in dissolution of partnership, business continues whereas in dissolution of firm, the business is closed.

Question 2. A partnership is dissolved when there is a death of a partner.

Answer True as a new partnership deed is to be made.

Question 3. A firm is dissolved when all partners give consent to it.

Answer True as all partners agree to it. Question

4: A firm is compulsorily dissolved when a partner decide to retire.

Answer False the remaining partners may continue the business hence, it not necessary to dissolve the firm.

Question 5. Dissolution of a firm necessarily involves dissolution of partnership.

Answer True When firm does not exist then partners have no business to do.

Question 6. A firm is compulsorily dissolved when all partners or when all except one partner become involvent.

Answer True as the partner becomes incompetent to sign the contract. 

Please click the link below to download NCERT Solutions Class 12 Accountancy Dissolution of Partnership Firm.

Tags: 

 


Click to View or Download pdf file
Click for more Accountancy Study Material

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

Board Cancelled Official CBSE Statement

Keeping in view the requests received from various State Governments and the changed circumstances as on date, following has been decided- 1. Examinations for classes X and XII which were scheduled from 1st July to 15th, 2020 stand cancelled. 2. Assessment of the...

Training Programme on the Alternative Academic Calendar

In view of the extraordinary situation prevailing in the world due to COVID-19 pandemic, the CBSE Board had announced the ‘Revised Academic Curriculum for classes 9- 12 for the session 2020-21’. The reduced topics will not be part of the internal assessment or for the...

Board Exams Class 10 and 12 Notification by CBSE

Because of the prevailing condition of spread of COVID-19 pandemic in the country, special efforts are required for conducting examinations in a safe manner. As a number of students have shifted from the district of their school to some other district in the country,...

CBSE Reduced Syllabus Class 11 and 12

CBSE has announced major reduction in the syllabus for class 11 and class 12. There has been major changes too in the main syllabus for class 11 and 12. The prevailing health emergency in the country and at different parts of the world as well as the efforts to contain...

CBSE Decision on Board Exam 2020

The Class 10 and 12 exams are cancelled, and results for both 10th and 12th would be declared by July 15 based on internal exams. CBSE Class 12 students would have the option to appear for the exams at a later date. CBSE has a scheme in which marks scored in past 3...

×
Studies Today