State any two grounds on the basis of which the Court may order for dissolution of a partnership firm. (CBSE 2019) Post category:Accountancy Reading time:1 mins read SOLUTION (i) Persistent breach of agreement by a partner.(ii) Insanity of a partner.(iii) Permanent incapacity of a partner. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostState any two situations when a partnership firm may be compulsorily dissolved. (C.B.S.E. 2019) Next PostState any one occasion for the dissolution of the firm on Court’s orders. (Delhi 2017 C) You Might Also Like Mention two differences between ‘Premium on Issue of Debentures’ and ‘Premium on Redemption of Debentures’. September 29, 2022 Y Ltd.’s profit after interest and tax was Rs. 1,00,000. Its Current Assets were Rs. 4,00,000; Current Liabilities Rs. 2,00,000; Fixed Assets Rs. 6,00,000 and 10% Long-term Debt Rs. 4,00,000. The rate of tax was 20%. Calculate ‘Return on Investment’ of Y Ltd. August 17, 2022 X and Y are partners sharing profits in the ratio of 3 : 2. They admitted Z as a partner for 1/4th share of profits. At the time of admission of Z, Investments appeared at Rs. 80,000. Half of the investments to be taken by X and Y in their profit-sharing ratio at book value. Remaining investments were valued at Rs. 50,000. Pass the necessary Journal entries. August 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Mention two differences between ‘Premium on Issue of Debentures’ and ‘Premium on Redemption of Debentures’. September 29, 2022
Y Ltd.’s profit after interest and tax was Rs. 1,00,000. Its Current Assets were Rs. 4,00,000; Current Liabilities Rs. 2,00,000; Fixed Assets Rs. 6,00,000 and 10% Long-term Debt Rs. 4,00,000. The rate of tax was 20%. Calculate ‘Return on Investment’ of Y Ltd. August 17, 2022
X and Y are partners sharing profits in the ratio of 3 : 2. They admitted Z as a partner for 1/4th share of profits. At the time of admission of Z, Investments appeared at Rs. 80,000. Half of the investments to be taken by X and Y in their profit-sharing ratio at book value. Remaining investments were valued at Rs. 50,000. Pass the necessary Journal entries. August 1, 2022