+2 votes
in Class 12 by kratos

”There is a difference between dissolution of partnership and partnership firm.” Explain this statement.

1 Answer

+1 vote
by kratos
 
Best answer

Dissolution of partnership only means that relation of one of the partner break with other partners in this case it is not necessary that firm’ business is closed. Remaining partner’ can continue the business. But dissolution of a firm is dissolution of partnership on dissolution of partnership all business activities end. So, it is correct that dissolution of partnership, is different from dissolution of partnership firm.

...