Business Studies, asked by Reeju617, 1 year ago

Under what circumstances dissolution of partnership firm is done

Answers

Answered by sam7544

Explanation:

Dissolution Due to Contingencies means that there are certain conditions wherein the partnership firm can be dissolved that are: On account of the end of a project or a Business venture for a which partnership firm was formed to carry out with full potential. If the death of a partner happens in a partnership firm.

A firm may be dissolved under the following circumstances: (a) Dissolution by Agreement (Section 40):A partnership firm can be dissolved by an agreement among all the partners. Section 40 of Indian Partnership Act, 1932 allows the dissolution of a partnership firm if all the partners agree to dissolve it.

Answered by XxMissPaglixX

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