what is the difference between dissolution of partnership and dissolution of firm?
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Dissolution of a partnership refers to the discontinuance of the relation between partner and other partners of the firm. Dissolution of firm implies that entire firm ceases to exist, including the relation among all the partners. Business of the firm continues as before. Business of the firm comes to an end.
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Answer:dissolution of firm means the company are windup .
And dissolution of partner means the partner are wind up with her partner
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