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Test: Registrations And Dissolution Of A Firm- 2 - Commerce MCQ


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30 Questions MCQ Test - Test: Registrations And Dissolution Of A Firm- 2

Test: Registrations And Dissolution Of A Firm- 2 for Commerce 2024 is part of Commerce preparation. The Test: Registrations And Dissolution Of A Firm- 2 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Registrations And Dissolution Of A Firm- 2 MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Registrations And Dissolution Of A Firm- 2 below.
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Test: Registrations And Dissolution Of A Firm- 2 - Question 1

Courts can order dissolution of a firm on the grounds other than:

Test: Registrations And Dissolution Of A Firm- 2 - Question 2

 In a suit, a non-registered firm cannot claim set-off above__________.

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Test: Registrations And Dissolution Of A Firm- 2 - Question 3

The amount received by a partnership firm from the insurance company on the maturity of a Joint Life Policy taken by the firm will be distributed amongst the partner. 

Test: Registrations And Dissolution Of A Firm- 2 - Question 4

XYZ a partnership firm was constituted on 1.4.2008. on 25th April the partners resolved to get the firm registered with the Registrar of Firm. 
The firm prepared the necessary documents for registration on 26th April which were signed on 28th April. They send the documents to the Registrar office on 30th April by Registered post which was received in the Registrar office on 4th May, 2008. The registrar filed the statement and entered the firms name in the register of Firms on 20th May, 2008. The firm will be deemed to have been registered on:  

Test: Registrations And Dissolution Of A Firm- 2 - Question 5

 A partnership deed must be drafted properly and stamped according to provisions of:

Test: Registrations And Dissolution Of A Firm- 2 - Question 6

Application for registration of a Partnership Firm should be signed by _______.

Test: Registrations And Dissolution Of A Firm- 2 - Question 7

 A partnership firm will not be Compulsory dissolved if __________.

Test: Registrations And Dissolution Of A Firm- 2 - Question 8

ABC is a registered firm. C died on 30th June. A and B sue X in the name of ABC. What is the consequence?

Test: Registrations And Dissolution Of A Firm- 2 - Question 9

 X, Y and Z are partners in a firm. Y and Z died in an accident. X continues the business in the name of the firm?

Test: Registrations And Dissolution Of A Firm- 2 - Question 10

 If a firm wants to register itself, it will go to _______:

Test: Registrations And Dissolution Of A Firm- 2 - Question 11

A non-registered firm can claim a set off of an amount not exceeding: 

Test: Registrations And Dissolution Of A Firm- 2 - Question 12

When a partner’s capital account has a debit balance and he is unable to bring in necessary cash to make up the deficiency, it is called ____:

Test: Registrations And Dissolution Of A Firm- 2 - Question 13

 When the number of partners in a firm exceeds the number permissible under the Indian Partnership Act, 1932, the partnership becomes:

Test: Registrations And Dissolution Of A Firm- 2 - Question 14

 On Dissolution the partners remain liable until 

Test: Registrations And Dissolution Of A Firm- 2 - Question 15

XYZ firms consists of 4 partner viz, X, Y, Z and A, having one fourth share each in the profits of the firm. According to X, Y and Z activities of A are not in the interest of the partnership and thus want to expel A from the firm. Advise whether:

Detailed Solution for Test: Registrations And Dissolution Of A Firm- 2 - Question 15

Correct Answer :- B

Explanation : Yes, X, Y and Z can expel A from the firm. If A is not interested in the firm then the proprietor of the firm XYZ can expel A from the firm.

Test: Registrations And Dissolution Of A Firm- 2 - Question 16

M is employed by P Q R Bros. a Partnership Firm. M is entitled to a remuneration of Rs. 40,000 p.m. plus 12% on the profit of the firm if profits exceed Rs. 10 lacs. Hence: 

Test: Registrations And Dissolution Of A Firm- 2 - Question 17

On which ground, court may dissolve a firm at the suit of a partner:

Test: Registrations And Dissolution Of A Firm- 2 - Question 18

Which of the following are grounds for compulsory dissolution of the firm by court?

Test: Registrations And Dissolution Of A Firm- 2 - Question 19

Application for registration of a Partnership Firm should be signed by _______.

Test: Registrations And Dissolution Of A Firm- 2 - Question 20

 If a firm wants to register itself, it will go to _______:

Test: Registrations And Dissolution Of A Firm- 2 - Question 21

For dissolution of the firm, a partner may apply to the court on the ground of_____.

Test: Registrations And Dissolution Of A Firm- 2 - Question 22

An unregistered firm may institute a suit if the value of the suit does not exceed:-

Test: Registrations And Dissolution Of A Firm- 2 - Question 23

 An unregistered firm does not have

Test: Registrations And Dissolution Of A Firm- 2 - Question 24

A partnership deed must be drafted properly and stamped according to provisions of:

Test: Registrations And Dissolution Of A Firm- 2 - Question 25

At the time of dissolution of a firm, every partners or his representative is entitled to have the ________ applied in payment of the debts and liabilities of the firm: 

Test: Registrations And Dissolution Of A Firm- 2 - Question 26

 The according rule in respect of loss arising due to insolvency of a partner is dealt within_____________.

Test: Registrations And Dissolution Of A Firm- 2 - Question 27

A partnership may be dissolved:

Test: Registrations And Dissolution Of A Firm- 2 - Question 28

 The mode of dissolution of a partnership firm provided under the Indian Partnership Act, 1932 is

Test: Registrations And Dissolution Of A Firm- 2 - Question 29

When a partner of a firm is adjudicated as an insolvent, he ceases to be a partner as _______.

Test: Registrations And Dissolution Of A Firm- 2 - Question 30

XYZ firms consists of 4 partner viz, X, Y, Z and A, having one fourth share each in the profits of the firm. According to X, Y and Z activities of A are not in the interest of the partnership and thus want to expel A from the firm. Advise whether:

Detailed Solution for Test: Registrations And Dissolution Of A Firm- 2 - Question 30

Correct Answer :- B

Explanation : Yes, X, Y and Z can expel A from the firm. If A is not interested in the firm then the proprietor of the firm XYZ can expel A from the firm.

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