Multiple Choice Questions on If the firm is dissolved or if the transferring partner ceases to be a partner the transferee is ent........... for Judicial Services (Master) Preparation

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Multiple Choice Questions

If the firm is dissolved or if the transferring partner ceases to be a partner the transferee is ent...........

Indian Partnershoip Act (IPA) 1930 Others
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    If the firm is dissolved or if the transferring partner ceases to be a partner, the transferee is entitled as against the remaining partners:

    To receive the share of the assets of the firm to which the transferring partner is entitled. 

    Incorrect Answer

    To an account as from the date of the dissolution.

    Incorrect Answer

    Both (a) and (b).

    Correct Answer

    Only (a).

    Incorrect Answer
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    Explanation:

    Both (a) and (b).

    By: santosh
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