Question : The dissolution of partnership between all the partners of a firm is called:
Option 1: Reconstitution of partnership firm
Option 2: Dissolution of partnership
Option 3: Dissolution of partnership firm
Option 4: Any of the above
Answer (1)
10th Jan, 2024
Correct Answer: Dissolution of partnership firm
Solution : Dissolution of partnership between all the partners of a firm is called the dissolution of the partnership firm. All the books of accounts will be closed in the case of dissolution of a partnership firm. Hence the correct option is 3.
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