Distinguish between ‘Dissolution of partnership’ and Dissolution of partnership firm ‘on the basis of closure of Books.
|Basis of Difference||Dissolution of Partnership||Dissolution of Partnership Firm|
|Closure of Books||Books of accounts are not closed forever, as there is only change in the existing agreement between the partners.||Books of accounts are closed. As the business is discontinued.|
Is there an error in this question or solution?
Solution Distinguish Between ‘Dissolution of Partnership’ and Dissolution of Partnership Firm ‘On the Basis of Closure of Books. Concept: Dissolution of a Partnership Firm.