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Distinguish Between 'Dissolution of Partnership' and 'Dissolution of Partnership Firm on the Basis of 'Economic Relationship'. - Accountancy

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Distinguish between 'Dissolution of Partnership' and 'Dissolution of Partnership Firm on the basis of 'Economic Relationship'.

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Solution

Basis Dissolution of Partnership Dissolution of Firm
Economic Relationship Economic relationship continues and changes between the partners Economic Relationship ends amongst all the partners
Concept: Dissolution of Partnership Firm
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