state the methods of dissolution of a partnership firm
Answers
Answer:
Following are the ways in which dissolution of a partnership firm takes place:
Dissolution by Agreement. A firm may be dissolved if all the partners agree to the dissolution. ...
Compulsory Dissolution. ...
When certain contingencies happen. ...
Dissolution by Notice. ...
Dissolution by Court.
Answer:
Dissolution of partnership firm is a process in which relationship between partners of firm is dissolved or terminated. If a relationship between all the partners of firm is dissolved then it is known as dissolution of firm. In case of dissolution of partnership of firm, the firm ceases to exist. This process includes the discarding and disposing of all the assets of firm or and settlements of accounts, assets, and liabilities. Learn more about Dissolution of partnership firm, legal provisions, and settlement of accounts.
