Financial and Management Accounting

1: The dissolution of partnership takes place in the following cases 1. On the expiry of the period of partnership if constituted for a fixed period. 2. On completion of a venture if constituted to carry out a venture. 3. On death of a partner. 4. On adjudication of a partner as an insolvent. Select the correct answer using the codes given below:
A.

1 and 3

B.

2,3 and 4

C.

1,2,3 and 4

D.

None of the above

 

Answer : C

Explanation :

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Option: A

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