Dissolution Of Partnership

Dissolution Of Partnership

Dissolution means to wind up or to close down. When business relations among the partners in a partnership firm comes to an end, it is known as Dissolution of Partnership. When one/more partner take decision to close the partnership firm, it is known as Dissolution of...
Piecemeal Distribution

Piecemeal Distribution

In actual practice, the assets are not realized at once on a single day unless the business is sold to somebody. The partners expect a good price for the assets and therefore, they gradually realize them depending on the market conditions. Thus, the whole process of...