Given:
I. Settlement of debts
II. Cessation of business
III. Introduction of assets
IV. Disposal of assets
Which of these constitutes dissolution of partnership?
- II and IV only
-
I,II and IV only
- I,II and III only
- II,III and IV only
The correct answer is: B
Explanation
Dissolution of partnership business simply means the break up of partnership business and which are caused by many factorsII,III and IV: disposal of asset does not constitute dissolution