Give two circumstances under which a partnership firm is dissolved. Post category:Accountancy Reading time:1 mins read SOLUTION (i) When all or all but one partner of the firm become insolvent (ii) When business of the firm becomes un lawful. Please Share This Share this content Opens in a new window X Opens in a new window Facebook 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 PostRahul, Sahil and Jatin were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Rahul died on 15th October, 2017. At that time, the capitals of Sahil and Jatin after all the adjustments were Rs. 3,56,000 and Rs. 2,44,000 respectively. Sahil and Jatin decided to adjust their capital according to their new profit-sharing ratio by opening current accounts. Calculate the new Capitals of Sahil and Jatin. (C.B.S.E. 2020; Mumbai, Chennai) Next PostWhat is meant by dissolution of partnership? You Might Also Like What is a Comparative Balance Sheet? October 1, 2022 What can be the minimum number of partners in a firm? September 23, 2022 What does proprietary ratio indicate? October 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.