Hello students in this class we are going to discuss about difference between dissolution of partnership and dissolution of partnership firm . basically when a firm is dissolved it means all the accounts will be closed and the Assets and liability will be sold and paid but when we talk about The dissolution of partnership it means the accounts will not close but only the partnership agreement will change .
the difference is based on the following criteria
1.meaning
2. business continuation
3. type of dissolution number
4. mode
5. Relation between partners
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