0
You visited us 0 times! Enjoying our articles? Unlock Full Access!
Question

Dissolution of partnership means :
  1. Dissolution of firm
  2. Business of the firm is continued
  3. Partnership amongst all the partners comes to an end
  4. None of the above

A
Business of the firm is continued
B
Dissolution of firm
C
None of the above
D
Partnership amongst all the partners comes to an end
Solution
Verified by Toppr

Dissolution of partnership is different from dissolution of partnership firm. In dissolution of partnership firm business comes to an end. But Dissolution of partnership means end of old partnership agreement and reconstruction of partnership due to admission, retirement and death of partner. In this business of the firm does not comes to an end.

Was this answer helpful?
0
Similar Questions
Q1
Dissolution of partnership between all the partners of the firm is called __________.
View Solution
Q2
The dissolution of partnership between all partners of a firm is called _________.
View Solution
Q3
When all or all but one of the partners of the firm becomes insolvent and results in dissolution , this type is called dissolution.
View Solution
Q4

State the difference between dissolution of Partnership and Dissolution of Partnership firm.

View Solution
Q5
Distinguish between dissolution of partnership and dissolution of partnership firm.
View Solution