CUET Preparation Today
Which of the following event take place in the case of dissolution of a partnership firm? |
Court does not intervene Business is not terminated Economic relations between the partners comes to an end Assets and Liabilities are revalued |
Economic relations between the partners comes to an end |
The correct answer is option 3- Economic relations between the partners comes to an end. Dissolution of partnership firm means complete termination of the business and economic relationship between all partners. The firm ceases to exist. |
