Financial and Management Accounting

1: Which of the following statements is not correct?
A.
Dissolution of the firm refers to the winding up of business in partnership.
B.
Dissolution of partnership involves complete break-down of relations among all the partners.
C.
Dissolution of the firm is dissolution of partnership between all the partners of a firm.
D.
Dissolution of the firm results in discontinuation of the business in partnership.
 

Answer : B

Explanation :

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Option: A

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