Registrations And Dissolution Of A Firm- 2 - Free MCQ Practice Test

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

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

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. 

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

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

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

 A partnership firm will not be Compulsory dissolved if __________.

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

 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?

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

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

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 ____:

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

 On Dissolution the partners remain liable until 

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:

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: 

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

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

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

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

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

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

 An unregistered firm does not have

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

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: 

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

A partnership may be dissolved:

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

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

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: