Chapter: Dissolution of Partnership Firm· Book-Keeping & Accountancy

Do you agree or disagree with the following statement: On dissolution, Cash or Bank account is closed automatically.

Q.1 (B) (5) Do you agree or disagree with the following statement: On dissolution, Cash or Bank account is closed automatically.

Doubtly Asked 29 Oct 2026 Board exam · March 2024 hsc 12th Save WhatsApp Report

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Answer: Agree

On dissolution all receipts (from assets) and payments (to creditors, for expenses and finally to partners) pass through Cash/Bank Account. After the final payment to partners nothing is left, so the Cash/Bank Account closes automatically.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report

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Do you agree or disagree with the following statement: On dissolution, Cash or Bank account is closed automatically.

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