Financial and Management Accounting

1: A firm is compulsorily dissolved when 1. All the partners except one become is insolvent. 2. The business becomes illegal 3. All the partners become insolvent. Select the correct answer using the codes given below:
A.

1 and 2

B.

2 and 3

C.

1 and 3

D.

1,2 and 3

 

Answer : D

Explanation :

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Option: A

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