Distinguish between 'Dissolution of Partnership' and 'Dissolution of Partnership Firm' on the basis of 'Economic Relationship'. (Delhi and Al 2016, 2020 C)

Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of ‘Economic Relationship’. (Delhi and Al 2016, 2020 C)

SOLUTION

Basis	Dissolution of Partnership	Dissolution of Partnership Firm
Economic Relationship	Economic Relationship between the Partners change.	Economic Relationship between the partners comes to an end.