Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of Partnership Firm’ based on: (i) Settlement of assets and liabilities (ii) Economic relationship

CBSE Sample Question Paper, Class 12 Accountancy Term 2 Question - Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of Partnership Firm’ based on: (i) Settlement of assets and liabilities (ii) Economic relationship

Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of
Partnership Firm’ based on:
(i) Settlement of assets and liabilities
(ii) Economic relationship

Answer.