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The compulsory dissolution of a firm will arise in case of ___?

a) On the death of majority of partners

b) On the insolvency of all partners

c) In case of continuous losses

d) In case of dead lock of management

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Question added by Shamseer KM , Accounts and Admin Payroll , KBM Group
Date Posted: 2015/07/27
Sara Naeem
by Sara Naeem , Trainee Finance officer , Wah Brass Mill

When all the partner become insolvent.........Thank you

Gayasuddin Mohammed
by Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

The compulsory dissolution of a firm will arise, if all the partners become insolvent as there is no option.

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Correct answer is B thank you

Muhammad Hamid
by Muhammad Hamid , Senior Financial Accountant , Al Rowad Trading Co LLC

My answer is option B ......when all the partners becomes insolvent.

Aymen Nasser Mogali Alhashedi
by Aymen Nasser Mogali Alhashedi , Senior Auditor , KPMG Yemen Majenni & Co

i think c) in case of continuous losses

Khaled Mohee Eldeen Abbas Mahmoud
by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

B - On the insolvency of all partners

Wasim khan wazir
by Wasim khan wazir , Finance Specialist , Mott Macdonald

When all partners become insolvent. option B right option 

Luke Iyke Uzoeshi
by Luke Iyke Uzoeshi , COMMERCIAL ADMINISTRATOR , STRABAG/LIDCO INTERNATIONAL

ON THE INSOLVENCY OF ALL THE PARTNERS

Muhammad Sabith
by Muhammad Sabith , Accountant , SIMORA

Option  .... B.           On the insolvency of all partners ................................

Zaid Al-Nairat
by Zaid Al-Nairat , Junior Accountant , Light Jordan

The answer is simply (B) on the insolvency of all partners

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

>>>>>>>>>>>>>b) On the insolvency of all partners

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