Dissolution of a partnership is different from dissolution of a firm.
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Dissolution of partnership is different from thedissolution of firm.Dissolution of a partnership firm merely involves a change in the relation of partners; whereas the dissolution offirm amounts to a complete closure of the business.
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Explanation:
In dissolution, solute dissolves in the solvent
without reacting chemically with it. In chemical
reaction, reactants will react chemically with
each other and new products are formed. The
bonds in the reactants are broken and new bonds
are formed.
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