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 A, B and C are partners sharing profits and losses in the ratio of 3 : 2 : 1 respectively. Their Balance Sheet as at 31st March, 2019 is as follows: August 1, 2022 From the following Balance Sheet as at 31st March, 2019 and Statement of Profit and Loss for the year ended 31st March, 2019 of RSB Ltd. and additional information, prepare Cash Flow Statement: August 20, 2022 Compute Cash Flow from Operating Activities from the following: August 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A, B and C are partners sharing profits and losses in the ratio of 3 : 2 : 1 respectively. Their Balance Sheet as at 31st March, 2019 is as follows: August 1, 2022
From the following Balance Sheet as at 31st March, 2019 and Statement of Profit and Loss for the year ended 31st March, 2019 of RSB Ltd. and additional information, prepare Cash Flow Statement: August 20, 2022