Given:

I. Settlement of debts

II. Cessation of business

III. Introduction of assets

IV. Disposal of assets

Which of these constitutes dissolution of partnership?

  • A Settlement of debts
  • B II and IV only
  • C I,II and IV only
  • D I,II and III only
  • E II,III and IV only
jamb 2017accounting

The correct answer is B. II and IV only

Dissolution of partnership business simply means the break up of partnership business and which are caused by many factors

II,III and IV: disposal of asset does not constitute dissolution

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