Distinguish between 'Dissolution of Partnership' and 'Dissolution of Partnership Firm' on the basis of closure of books. (CBSE 2019)

Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of closure of books. (CBSE 2019)

SOLUTION

Basis	Dissolution of Partnership	Dissolution of Partnership Firm
Closure of Books	It does not require closure of books of account because the business is not closed	Books of accounts are closed as the business is closed