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Give the word/term/phrase which can substitute the following statement. Winding up of partnership business. - Book Keeping and Accountancy

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.
Concept: Dissolution of Partnership Firm
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APPEARS IN

Balbharati Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board
Chapter 6 Dissolution of Partnership Firm
Exercise 6 | Q 1. B) 2. | Page 242
Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 6 Dissolution of Partnership Firm
Exercise | Q 2 | Page 181
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