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    The document discusses the dissolution of a partnership firm. It can occur in three ways: by mutual agreement, compulsory dissolution, or by notice. Compulsory dissolution can happen when all partners except one become insolvent, the business becomes unlawful, or a partner becomes permanently incapable of performing their duties. Dissolution by notice can occur upon the death, insolvency, or retirement of a partner. Dissolution of a partnership means a change in the business relationship among the partners, while dissolution of a firm only means an end to the business of that firm. There are differences between partnership dissolution and firm dissolution related to continuation of business, economic relationship among partners, books of accounts, and more.

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    Accountancy Hand Written (5) (1)_da4b4561-2ad4-4b0e-92da-b86ff0be5f94

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    The document discusses the dissolution of a partnership firm. It can occur in three ways: by mutual agreement, compulsory dissolution, or by notice. Compulsory dissolution can happen when all partners except one become insolvent, the business becomes unlawful, or a partner becomes permanently incapable of performing their duties. Dissolution by notice can occur upon the death, insolvency, or retirement of a partner. Dissolution of a partnership means a change in the business relationship among the partners, while dissolution of a firm only means an end to the business of that firm. There are differences between partnership dissolution and firm dissolution related to continuation of business, economic relationship among partners, books of accounts, and more.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    13 views6 pages

    Accountancy Hand Written (5) (1)

    Uploaded by

    apaar singh
    The document discusses the dissolution of a partnership firm. It can occur in three ways: by mutual agreement, compulsory dissolution, or by notice. Compulsory dissolution can happen when all partners except one become insolvent, the business becomes unlawful, or a partner becomes permanently incapable of performing their duties. Dissolution by notice can occur upon the death, insolvency, or retirement of a partner. Dissolution of a partnership means a change in the business relationship among the partners, while dissolution of a firm only means an end to the business of that firm. There are differences between partnership dissolution and firm dissolution related to continuation of business, economic relationship among partners, books of accounts, and more.

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    © All Rights Reserved
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    of 6

    Accountancy

    DISSOLUTION OF
    PARTNERSHIP FIRM

    For Session : 2022 - 2023


    YOUTUBE: SUNIL PANDA - THE EDUCATOR
    Chaptesu 2
    DRssolotfoof Pasthenshp om

    DRssohution of m nean dissolutfon 4


    the Pawthens niw he
    PaHthes he
    Pautherskip amo

    tmeans eno 0
    ecowomfe elotfonip 0Dh
    POHtheksgnd business s closed

    mode 0E DfsGolutow 0 0 am_0ue

    Bynutoa AqHee.meuts
    ompulsou DRssolotfonkn
    o) whew oll poHthenc except one betome insolret
    însolveat
    when bustness 0 Hum beuame Unlawfol,
    ByNotice
    Onoppeing of aw event

    o)O 0 death of qpouthens


    b)On the nsolventy o 0 pauhens
    COw 0 Comple.tioh o he letoue0byecki
    O the eop?say of the peufod fo ohichw
    he um uoa oumed

    Dfssolutiow by Couwt
    whew apOHHheS betameo Uncound misd
    when opoMner peumamedty incopoble o
    Pesufo wma s dutHe os poiners
    YOUTUBE: SUNIL PANDA - THE EDUCATOR
    clsSMAte
    Dote
    Page

    hen a poHhes Houndqu?9iy o mfscondoct


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    d
    paHhehc
    e busihess ok Paum lon ot be (auufed o
    except ot loss
    uphe apaulnen chethowa poher hq Soft
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    DPPPeMMce blo Dfssolotfo ot fum awd


    DRgsolutiow 00othenskip

    Bass DssolotioW oP DRssolutioN


    O Posihenshp
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    ehds the pauHhet CloMat
    YOUTUBE: SUNIL PANDA - THE EDUCATOR
    Books of
    Clocooue ot Books 0 accooKts
    ove to be heed ot be
    books of AMc
    closed closed
    Dfssolottow of Dfssolotfo of Jav
    fcchs Afoun also0
    meonk dissolotion discolotion o
    of Pa thekskip

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    iol( Sectfo
    followfgHdes

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    IN
    d)Rest 0 Omouxt distibuted 0mokg posth ers

    heu pMOf Skotng Rotio


    YOUTUBE: SUNIL PANDA - THE EDUCATOR
    Dcte
    Page.

    DPSfeswce bluo Pam deht OndPstirote Debt


    Sasi's OA debts PAivote debts

    lahit Df Povter
    OUtsfd el

    PobPty AU payHh ens oie Colk.cened pauer


    oble ofktiy s la ble
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    YOUTUBE: SUNIL PANDA - THE EDUCATOR
    Aiabilit
    2.

    YOUTUBE: SUNIL PANDA - THE EDUCATOR

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