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How is dissolution of partnership different …

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How is dissolution of partnership different from dissolution of partnership firm ?

Posted by Shreya Goyal 6 years, 1 month ago

CBSE > Class 12 > Accountancy

2 answers

Kharbtractors Safidon 6 years, 1 month ago

No its can be due to change in profit ,etc because dissolution of partership

Priyanka Kumari 6 years, 1 month ago

Dissolution of firm means closure of business,books, so automatically end of relationship of partners Dissolution of partnership means only the end of relationship between partners so it can be due to change in profit sharing ratio, admission of new partner, death or retirement if partner.

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