can any1 here describe me the meaning of dissolution of partnership
what is the difference between dissolution and winding up
Thanks
2 Replies
Priyanka sah
(Students)
(108 Points)
Replied 29 September 2010
Dissolution means discontinuation. Dissolution may be of (i) Partnership and (ii) may be of firm
(i) discontinuation of partnership means change is relationship of partner
(ii) discontinuation of firm means closer of business
Winding up is the procedure of to complete the dissolution of firm (not partnership) i.e appointment of liquidator sale of assets repaument of liabiltity etc.
(Guest)
| Originally posted by : Priyanka sah | ||
 |
Dissolution means discontinuation. Dissolution may be of (i) Partnership and (ii) may be of firm (i) discontinuation of partnership means change is relationship of partner (ii) discontinuation of firm means closer of business Winding up is the procedure of to complete the dissolution of firm (not partnership) i.e appointment of liquidator sale of assets repaument of liabiltity etc. |
 |
Recent Topics
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
Related Threads
CAclubindia
