what is meant by dissolution
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The dissolution of gases, liquids, or solids into a liquid or other solvent is a process by which these original states become solutes (dissolved components), forming a solution of the gas, liquid, or solid in the original solvent.
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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.
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