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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Partnership comes to an end with the death of a partner but the firm may continue its business with a new partnership agreement.
Reason (R): Death of a partner leads to the restructuring of the firm and not to the dissolution of the partnership firm.
  • a)
    Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
  • b)
    Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
  • c)
    Assertion (A) is true, but Reason (R) is false .
  • d)
    Assertion (A) is false, but Reason (R) is true.
Correct answer is option 'A'. Can you explain this answer?
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Directions : In the following questions, a statement of Assertion (A)...
Partners need to make a new agreement when there is a death of a partner as the partnership ceases to exist but the firm still goes on and can continue with a new agreement.
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Directions : In the following questions, a statement of Assertion (A)...

Assertion and Reason Analysis:

Assertion (A):
- Partnership comes to an end with the death of a partner but the firm may continue its business with a new partnership agreement.

Reason (R):
- Death of a partner leads to the restructuring of the firm and not to the dissolution of the partnership firm.

Explanation:
- In a partnership firm, the death of a partner does not automatically dissolve the entire firm.
- The firm can continue its operations by entering into a new partnership agreement with the remaining partners or by admitting new partners.
- The partnership agreement governs the operations of the firm, and the death of a partner may trigger changes in the existing agreement.
- The firm can continue to exist and operate with the new terms agreed upon by the partners.
- Hence, the assertion that the partnership comes to an end with the death of a partner is true, but the reason that the firm may continue its business with a new partnership agreement is the correct explanation for this scenario.

Therefore, option 'A' is the correct choice, as both the assertion and reason are true, and the reason provides a valid explanation for the assertion.
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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Partnership comes to an end with the death of a partner but the firm may continue its business with a new partnership agreement.Reason (R): Death of a partner leads to the restructuring of the firm and not to the dissolution of the partnership firm.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer?
Question Description
Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Partnership comes to an end with the death of a partner but the firm may continue its business with a new partnership agreement.Reason (R): Death of a partner leads to the restructuring of the firm and not to the dissolution of the partnership firm.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Partnership comes to an end with the death of a partner but the firm may continue its business with a new partnership agreement.Reason (R): Death of a partner leads to the restructuring of the firm and not to the dissolution of the partnership firm.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Partnership comes to an end with the death of a partner but the firm may continue its business with a new partnership agreement.Reason (R): Death of a partner leads to the restructuring of the firm and not to the dissolution of the partnership firm.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer?.
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