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.|
Concept: Dissolution of Partnership Firm
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