CBSE 2024, Set 2

Question

Assertion (A): The court does not intervene when dissolution of partnership takes place.
Reason (R): Dissolution of partnership takes place by mutual agreement between the partners.
Choose the correct option from the following: A). Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A). B). Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A). C). Assertion (A) is incorrect, but Reason (R) is correct. D). Assertion (A) is correct, but Reason (R) is incorrect.

Edvaya · Accepted Answer

The correct answer is Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A).. Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct explanation of Assertion (A). Dissolution of partnership is a change in the relationship between partners by mutual agreement, and unlike dissolution of a firm by court order, it does not inherently require court intervention.

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Accountancy > Accounting For Partnership Firms > Dissolution Of Partnership Firm

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