Skip to content
Swamonk EduCare
  • Toggle website search
Menu Close

Blog

  1. Home>
  2. Doubts>
  3. Accountancy

What is meant by dissolution of a firm?

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Dissolution of a firm means the dissolution of partnership among all the partners of the firm and the firm’s business is closed.



Please Share This Share this content

  • Opens in a new window X
  • Opens in a new window Facebook
  • Opens in a new window Pinterest
  • Opens in a new window LinkedIn
  • Opens in a new window Viber
  • Opens in a new window VK
  • Opens in a new window Reddit
  • Opens in a new window Tumblr
  • Opens in a new window Viadeo
  • Opens in a new window WhatsApp

Read more articles

Previous PostRiyansh, Garv and Kavleen were partners in a firm sharing profit and loss in the ratio of 8: 7: 5. On 2nd November, 2018, Kavleen died. Kavleen’s share of profits till the date of her death was calculated at Rs. 9,375. Pass the necessary journal entry. (CBSE Sample Paper 2019)
Next PostWhat is Dissolution of Partnership?

You Might Also Like

When a Creditor takes over an asset whose value is less than the amount due to him in full settlement of his claim, what entry shall be passed?

September 27, 2022

Give the accounting entry for an unrecorded liability in case of reconstitution of partnership firm.

September 26, 2022

What is meant by New Profit-sharing Ratio in case of admission of a partner?

October 7, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

  • Address:94, Block A, New Industrial Town - 2, Faridabad, Haryana 121001
  • Contact:+91-8826447899Opens in your application
  • Email:[email protected]Opens in your application
Terms of Use | Privacy Policy | Cookies Policy
© 2019-2025 Swamonk - All Rights Reserved
Close Menu
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site it will imply that you agree with Swamonk EduCare's Terms of Use .Ok