CBSE (Arts) Class 12CBSE
Share
Notifications

View all notifications

Distinguish Between ‘Dissolution of Partnership’ and Dissolution of Partnership Firm ‘On the Basis of Closure of Books. - CBSE (Arts) Class 12 - Accountancy

Login
Create free account


      Forgot password?

Question

Distinguish between ‘Dissolution of partnership’ and Dissolution of partnership firm ‘on the basis of closure of Books.

Solution

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.
S
View in app×