Discuss about the dissolution of the partnership firm.
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Dissolving a partnership firm means discontinuing the business under the name of the said partnership firm. In this case, all liabilities are finally settled by selling off assets or transferring them to a particular partner, settling all accounts that existed with the partnership firm
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The dissolution of partnership between all the partners of a firm is called the "dissolution of the firm". by the adjudication of a partner as an insolvent.
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