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

Do you agree or disagree with the statement: On dissolution, cash/bank account is closed automatically.

Q.1 (D) (i) Do you agree or disagree with the statement: On dissolution, cash/bank account is closed automatically.

Doubtly Asked 29 Oct 2026 Board exam · July 2025 hsc 12th Save WhatsApp Report

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Answer: Agree

On dissolution all assets are realised, liabilities are paid and the final balances due to the partners are paid off in cash or through the bank. After the last payment the Cash/Bank Account shows no balance, so it closes automatically.

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

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Do you agree or disagree with the statement: On dissolution, cash/bank account is closed automatically.

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