Accountancy, asked by SwathiSajeevan2969, 1 year ago

What is dissolution ofpartnership film? (Answer in one sentence)

Answers

Answered by 1Angel24
0
Hey, mate here is your answer》》

It defines the dissolution of partnership between all the partners of a firm is called the dissolution of the firm.

Hope this answer will help you..《《
Answered by jeehelper
0

Dissolution of partnership or more appropriately, the end of a partnership occurs due to several reasons.

There three conditions for the dissolution of partnership:

i) Death: if there occurs death of one of the partners then partnership is dissolved.

ii) Court order: Due to the quarrel between partners, if court gives order of dissolution of partnership.

iii) When partnership becomes unlawful to continue, it is dissolved automatically.  

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