Question

Distinguish between 'Dissolution of partnership ' and Dissolution of partnership Firm' on the basis of closure of books.

Answer 1

Given below is the different between dissolution of partnership and dissolution of a partnership firm on the basic of closure of books.

Basis of Difference	Dissolution of Partnership	Dissolution of Partnership Firm
Closure of Books	Books of accounts are not closed forever,as there is only change in the existing agreement between the partners.	Books of account are closed ,as they business is discontinued.