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What is meant by dissolution of partnership firm?

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

SOLUTION

As per Indian Partnership Act, “Dissolution of firm means termination of partnership amongst all the partners of the firm”. Thus, the business of the firm terminates and there is an end to the life of the firm.







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Previous PostOn dissolution of a firm, out of the proceeds received from the sale of assets Who will be paid first of all.
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