Question

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Difference between dissolution of partnership and dissolution of firm .

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Answer 1

Answer:

Dissolution of apartnership refers to the discontinuance of the relation between partner and other partners of the firm. Dissolution of firm implies that entire firm ceases to exist, including the relation among all the partners. Business of the firmcontinues as before. Business of thefirm comes to an end.

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Answer 2

Dissolution of a partnership refers to the discontinuance of the relation between partner and other partners of the firm. Dissolution of firm implies that entire firm ceases to exist, including the relation among all the partners. Business of the firm continues as before.