Accountancy, asked by rausjan47, 1 year ago

Dissolution of partnership Firm

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Answered by naiduasn2009

18

Answer:

Dissolution of a Partnership Firm. ... For a partnership firm to cease to exist, it needs to be dissolved. The process, known as dissolution of a partnership firm, involves the sale or disposal of all assets of the firm, final settlement of all of its liabilities, and the settling of the accounts.

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