NCERT Class 12 Books Accountancy Chapter 5- Dissolution of Partnership

Here you can download NCERT Class 12 Books Accountancy Chapter 5 Dissolution of Partnership Firm. You can read the book whenever you want and learn from it by downloading the PDF. Downloading the NCERT Class 12 Books Accountancy Chapter 5—Dissolution of Partnership Firm PDF will allow students and candidates preparing for competitive exams to benefit from the reading material.

Using these course books as a reference might be quite beneficial for exam preparation. The book is available in digital form, so you may read it whenever you want and learn from it at your own pace.

At safalta, you can access FREE E-BOOKS. Not only are these books free, but they are also jam-packed with knowledge and information that is relevant to your study.

We also provide FREE MOCK PAPERS, which can help you test your own yourself.

Digital Marketing Classroom Program Batch Digital Marketing Graphics Designing MS Excel (10 Hrs.) Interview Skill Course Entrepreneurship Programme

IIT- JEE Mains & Advanced IIT-JEE NEET NDA SSC GD SSC CGL SSC CHSL CTET Paper 1 CTET Paper 2 UPSSSC PET SSC MTS UP Police Constable

CUET 12th Class Champion Program (Hindi Medium) Maths Group 12th Class Champion Program (Hindi Medium) Biology Group 12th Class Champion Program (English Medium) Maths Group 12th Class Champion Program (English Medium) Biology Group 10th Class Champion Program (Hindi Medium) 10th Class Champion Program (English Medium)

Free Demo Classes

Register here for Free Demo Classes

Select Category Skills Government Academics

Select Course

Waw! Just one step away to get free demo classes.

Verify

Please fill the name

Please enter only 10 digit mobile number

Please select course

Please fill the email

Something went wrong!

Download App & Start Learning

You can boost your exam preparation by using these papers.

You may learn about Chapter 5 of the NCERT Accountancy Class 12 Books, "Dissolution of Partnership Firm," here. Additionally, you may find download links for the previous chapters.

Chapter 5—Dissolution of Partnership Goes Like This-

LEARNING OBJECTIVES

After studying this chapter you will be able to-

• State the meaning of dissolution of partnership firm
• Differentiate between dissolution of partnership and dissolution of a partnership firm
• Describe the various modes of dissolution of the partnership firm
• Explain the rules relating to the settlement of claims among all partners
• Prepare Realisation Account

You have learnt about the reconstitution of a partnership firm which takes place on account of admission, retirement or death of a partner. In such a situation while the existing partnership is dissolved, the firm may continue under the same name if the partners so decide. In other words, it results in the dissolution of a partnership but not that of the firm. According to Section 39 of the partnership Act 1932, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm. That means the Act recognises the difference in the breaking of relationship between all the partners of a firm and between some of the partners; and it is the breaking or discontinuance of relationship between all the partners which is termed as the dissolution of partnership firm. This brings an end to the existence of firm, and no business is transacted after dissolution except the activities related to closing of the firm as the affairs of the firm are to be wound up by selling firm’s assets and paying its liabilities and discharging the claims of the partners.

5.1 Dissolution of Partnership

As stated earlier dissolution of partnership changes the existing relationship between partners but the firm may continue its business as before.

The dissolution of partnership may take place in any of the following ways-

1. Change in existing profit sharing ratio among partners
2. Admission of a new partner; Dissolution of Partnership Firm
3. Retirement of a partner
4. Death of a partner
5. Insolvency of a partner
6. Completion of the venture, if partnership is formed for thatt
7. Expiry of the period of partnership, if partnership is for a specific period of time

Some Glimpses of the Chapter are-

NCERT Class 12 Books Accountancy Chapter 5- Dissolution of Partnership Firm- PDF Download

Chapter 5- Dissolution of Partnership Firm Safalta provides the latest NCERT course books for all the major subjects of Class 12. A team of proficient teachers drafts these matters in a precise and thorough manner. You can download the PDFs for all the subjects in a chapter-wise format.

These Books are very effective in preparing for annual exams. Here is the PDF for NCERT Class 12 Books Accountancy Chapter 5- Dissolution of Partnership Firm.
 

• Whatsapp Channel