Question

what do u mean by dissolution of partnership and dissolution of partnership firm??​

Answer 1

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.

Hope this will help u...

mark me as brainliest...

follow me????

Answer 2

Answer:

here is your answer

Explanation:

Dissolving a partnership firm means discontinuing the business under the name of said partnership firm. In this case, all liabilities are finally settled by selling off assets or transferring them to a particular partner, settling all accounts existed with the partnership firm...