Question : The dissolution of partnership between all the partners of a firm is called:

Option 1: Reconstitution of partnership firm

Option 2: Dissolution of partnership

Option 3: Dissolution of partnership firm

Option 4: Any of the above

Question : Change in the existing agreement between the partners is called

Option 1: Dissolution of Firm

Option 2: Reconstitution of Partnership

Option 3: Dissolution of Business

Option 4: None of the Above

Question : At the time of dissolution of partnership firm first of all ______ shall be paid.

Option 1: Firm's debt

Option 2: Partner's loan

Option 3: Capital of partners

Option 4: None of these

Question : According to —— the dissolution of partnership between all the partners of a firm is called dissolution of the partnership firm.

Option 1: Section 38, of Indian partnership Act 1932

Option 2: Section 39, of Indian partnership Act 1932

Option 3: Section 32, of Indian partnership Act 1932

Option 4: Section 40, of Indian Partnership Act 1932

Question : In the event of dissolution of a partnership firm, the provision for doubtful debts is transferred to

Option 1: Realization account

Option 2: Partners capital account

Option 3: Sundry debtors account

Option 4: None of the above