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What is the ultimate objective of dissolving a partnership firm?

Answer and explanation

Correct answer: संपत्तियों का वसूलीकरण करके सभी देनदारियों और साझेदारों के खातों का उचित निपटान करना

After dissolution, the firm’s business is brought to an end. Its assets are realised, the proceeds are used to pay external liabilities, and the remaining amount is used to settle the partners’ loans and capital accounts. Therefore, option A is correct. The other options relate to continuing or expanding the business, not to closing its affairs. Exam tip: Remember that realisation of assets and settlement of liabilities are the key steps in dissolution.

Related tags

Partnership DissolutionClosing The BusinessRealisation Of AssetsSettlement Of LiabilitiesPartnership AccountsDissolution Of A Partnership FirmAccountancyClass 12 Mcq

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