What is meant by dissolution of partnership firm? Post category:Accountancy Reading time:1 mins read SOLUTION As per Indian Partnership Act, “Dissolution of firm means termination of partnership amongst all the partners of the firm”. Thus, the business of the firm terminates and there is an end to the life of the firm. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostOn dissolution of a firm, out of the proceeds received from the sale of assets Who will be paid first of all. Next PostOn dissolution of a firm, out of the proceeds received from the sale of assets Who will be paid last of all? You Might Also Like Is a sleeping* partner liable to the acts of other partners? September 23, 2022 Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of ‘Court’s intervention’. (CBSE 2019) October 8, 2022 Why is ‘Goodwill’ considered an ‘Intangible Asset’ but not a ‘Fictitious Asset’? (ISC 2020) September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of ‘Court’s intervention’. (CBSE 2019) October 8, 2022
Why is ‘Goodwill’ considered an ‘Intangible Asset’ but not a ‘Fictitious Asset’? (ISC 2020) September 26, 2022