Which of the following statements truly makes the distinction between Dissolution of Partnership and Dissolution of Firm: (A) In dissolution of partnership, business is not terminated, while in dissolution of firm business is terminated. Choose the correct answer from the options given below: |
(A), (B) and (D) only (A), (C) and (D) only (A), (B), (C) and (D) (B), (C) and (D) only |
(A), (C) and (D) only |
The correct answer is Option (2) → (A), (C) and (D) only |