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Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.If Amar applies for insolvency on 01.06.2007 and is declared insolvent on 01.08.2007.a)The firm would not be dissolved.b)The firm would be dissolved on 01.06.2007.c)The firm would be dissolved on 01.08.2007, with effect from 01.08.2007.d)The firm would be dissolved with retrospective effect from 01.01.2007.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.If Amar applies for insolvency on 01.06.2007 and is declared insolvent on 01.08.2007.a)The firm would not be dissolved.b)The firm would be dissolved on 01.06.2007.c)The firm would be dissolved on 01.08.2007, with effect from 01.08.2007.d)The firm would be dissolved with retrospective effect from 01.01.2007.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.If Amar applies for insolvency on 01.06.2007 and is declared insolvent on 01.08.2007.a)The firm would not be dissolved.b)The firm would be dissolved on 01.06.2007.c)The firm would be dissolved on 01.08.2007, with effect from 01.08.2007.d)The firm would be dissolved with retrospective effect from 01.01.2007.Correct answer is option 'A'. Can you explain this answer?.

Solutions for Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.If Amar applies for insolvency on 01.06.2007 and is declared insolvent on 01.08.2007.a)The firm would not be dissolved.b)The firm would be dissolved on 01.06.2007.c)The firm would be dissolved on 01.08.2007, with effect from 01.08.2007.d)The firm would be dissolved with retrospective effect from 01.01.2007.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.If Amar applies for insolvency on 01.06.2007 and is declared insolvent on 01.08.2007.a)The firm would not be dissolved.b)The firm would be dissolved on 01.06.2007.c)The firm would be dissolved on 01.08.2007, with effect from 01.08.2007.d)The firm would be dissolved with retrospective effect from 01.01.2007.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.If Amar applies for insolvency on 01.06.2007 and is declared insolvent on 01.08.2007.a)The firm would not be dissolved.b)The firm would be dissolved on 01.06.2007.c)The firm would be dissolved on 01.08.2007, with effect from 01.08.2007.d)The firm would be dissolved with retrospective effect from 01.01.2007.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.If Amar applies for insolvency on 01.06.2007 and is declared insolvent on 01.08.2007.a)The firm would not be dissolved.b)The firm would be dissolved on 01.06.2007.c)The firm would be dissolved on 01.08.2007, with effect from 01.08.2007.d)The firm would be dissolved with retrospective effect from 01.01.2007.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.If Amar applies for insolvency on 01.06.2007 and is declared insolvent on 01.08.2007.a)The firm would not be dissolved.b)The firm would be dissolved on 01.06.2007.c)The firm would be dissolved on 01.08.2007, with effect from 01.08.2007.d)The firm would be dissolved with retrospective effect from 01.01.2007.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.If Amar applies for insolvency on 01.06.2007 and is declared insolvent on 01.08.2007.a)The firm would not be dissolved.b)The firm would be dissolved on 01.06.2007.c)The firm would be dissolved on 01.08.2007, with effect from 01.08.2007.d)The firm would be dissolved with retrospective effect from 01.01.2007.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.