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A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:
- a)A can get back the entire amount of the premium paid by him to B
- b)A can get back a reasonable part of the premium
- c)A can get back Rs. 2500 form
- d)A cannot get back any amount of premium paid by him
Correct answer is option 'B'. Can you explain this answer?
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A and B become partners for 16 years. A pays B a premium of Rs. 5000. ...
Partnership Dissolution
When a partnership is dissolved, it means that the partnership agreement has come to an end. In this situation, the partners have to determine how the partnership's assets and liabilities will be divided.
Premium Paid by A to B
In the given scenario, A paid a premium of Rs. 5000 to B when they became partners. However, after 8 years, there was a dispute between them, and they decided to dissolve the partnership.
Options for A
The question asks which of the following options is true for A regarding the premium paid by him to B:
A) A can get back the entire amount of the premium paid by him to B
B) A can get back a reasonable part of the premium
C) A can get back Rs. 2500 form
D) A cannot get back any amount of premium paid by him
Explanation of Option B
Option B is the correct answer because A cannot get back the entire premium paid to B, nor can he get back nothing. The amount that A can get back depends on the circumstances of the dissolution.
If the dissolution is due to a breach of contract by B, A may be entitled to a larger portion of the premium. However, if A is at fault, he may not be entitled to any refund.
Therefore, A can get back a reasonable part of the premium paid by him to B, based on the circumstances of the dissolution.
Conclusion
In conclusion, when a partnership is dissolved, the partners have to determine how the partnership's assets and liabilities will be divided. In the given scenario, A can get back a reasonable part of the premium paid by him to B, based on the circumstances of the dissolution.
When a partnership is dissolved, it means that the partnership agreement has come to an end. In this situation, the partners have to determine how the partnership's assets and liabilities will be divided.
Premium Paid by A to B
In the given scenario, A paid a premium of Rs. 5000 to B when they became partners. However, after 8 years, there was a dispute between them, and they decided to dissolve the partnership.
Options for A
The question asks which of the following options is true for A regarding the premium paid by him to B:
A) A can get back the entire amount of the premium paid by him to B
B) A can get back a reasonable part of the premium
C) A can get back Rs. 2500 form
D) A cannot get back any amount of premium paid by him
Explanation of Option B
Option B is the correct answer because A cannot get back the entire premium paid to B, nor can he get back nothing. The amount that A can get back depends on the circumstances of the dissolution.
If the dissolution is due to a breach of contract by B, A may be entitled to a larger portion of the premium. However, if A is at fault, he may not be entitled to any refund.
Therefore, A can get back a reasonable part of the premium paid by him to B, based on the circumstances of the dissolution.
Conclusion
In conclusion, when a partnership is dissolved, the partners have to determine how the partnership's assets and liabilities will be divided. In the given scenario, A can get back a reasonable part of the premium paid by him to B, based on the circumstances of the dissolution.
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A and B become partners for 16 years. A pays B a premium of Rs. 5000. ...
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A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:a)A can get back the entire amount of the premium paid by him to Bb)A can get back a reasonable part of the premiumc)A can get back Rs. 2500 formd)A cannot get back any amount of premium paid by himCorrect answer is option 'B'. Can you explain this answer?
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A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:a)A can get back the entire amount of the premium paid by him to Bb)A can get back a reasonable part of the premiumc)A can get back Rs. 2500 formd)A cannot get back any amount of premium paid by himCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:a)A can get back the entire amount of the premium paid by him to Bb)A can get back a reasonable part of the premiumc)A can get back Rs. 2500 formd)A cannot get back any amount of premium paid by himCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:a)A can get back the entire amount of the premium paid by him to Bb)A can get back a reasonable part of the premiumc)A can get back Rs. 2500 formd)A cannot get back any amount of premium paid by himCorrect answer is option 'B'. Can you explain this answer?.
A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:a)A can get back the entire amount of the premium paid by him to Bb)A can get back a reasonable part of the premiumc)A can get back Rs. 2500 formd)A cannot get back any amount of premium paid by himCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:a)A can get back the entire amount of the premium paid by him to Bb)A can get back a reasonable part of the premiumc)A can get back Rs. 2500 formd)A cannot get back any amount of premium paid by himCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:a)A can get back the entire amount of the premium paid by him to Bb)A can get back a reasonable part of the premiumc)A can get back Rs. 2500 formd)A cannot get back any amount of premium paid by himCorrect answer is option 'B'. Can you explain this answer?.
Solutions for A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:a)A can get back the entire amount of the premium paid by him to Bb)A can get back a reasonable part of the premiumc)A can get back Rs. 2500 formd)A cannot get back any amount of premium paid by himCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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Here you can find the meaning of A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:a)A can get back the entire amount of the premium paid by him to Bb)A can get back a reasonable part of the premiumc)A can get back Rs. 2500 formd)A cannot get back any amount of premium paid by himCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:a)A can get back the entire amount of the premium paid by him to Bb)A can get back a reasonable part of the premiumc)A can get back Rs. 2500 formd)A cannot get back any amount of premium paid by himCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:a)A can get back the entire amount of the premium paid by him to Bb)A can get back a reasonable part of the premiumc)A can get back Rs. 2500 formd)A cannot get back any amount of premium paid by himCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:a)A can get back the entire amount of the premium paid by him to Bb)A can get back a reasonable part of the premiumc)A can get back Rs. 2500 formd)A cannot get back any amount of premium paid by himCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A and B become partners for 16 years. A pays B a premium of Rs. 5000. At the end of 8 years, there is dispute between A and B and they declare a dissolution:a)A can get back the entire amount of the premium paid by him to Bb)A can get back a reasonable part of the premiumc)A can get back Rs. 2500 formd)A cannot get back any amount of premium paid by himCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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