One Word Answer
Give the word/term/phrase which can substitute the following statement.
Winding up of partnership business.
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Solution
Winding up of partnership business- Dissolution of Partnership
Explanation: Winding-up of partnership business is known as dissolution of partnership, which means there is a change in the business relationship among the partners but the firm may continue its business.
Explanation: Winding-up of partnership business is known as dissolution of partnership, which means there is a change in the business relationship among the partners but the firm may continue its business.
Concept: Dissolution of Partnership Firm
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