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Income Tax Expert Interview Question:
Tell me what do you understand by dissolution of firm?
Submitted by: MuhammadDissolution of firm means assets of firm are realized and liabilities are paid off and the surplus, if any is distributed among the partners according to their right. It is to be noted that ‘dissolution of Firm' involves dissolution of partnership but dissolution of partnership may not lead to dissolution of firm.
Submitted by: Muhammad
Submitted by: Muhammad
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