)
Dissolution of firm means :
(a)
Firm closed
(b)
Admission of partner
(c)
Retirement of partner
(d)
None of these.
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Dissolution of a firm refers to the dissolution of an existing partnership which owns and controls a firm or an organisation. ... Retirement of one or more existing partners of a firm. Demise of one of the partners. A partner's insolvency due to incompetence to contract. Completion of a specific partnership venture.
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