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Question
All activities of the partnership firm cease (stop) on ______ of firm.
Options
Dissolution
Admission
Retirement
None of these
MCQ
Fill in the Blanks
Solution
All activities of the partnership firm cease (stop) on Dissolution of firm.
Explanation:
A partnership firm's dissolution entails the firm's operations ceasing as well as the termination of the current partnership deed. As a result, when a partnership firm dissolves, all of the firm's activities tend to halt.
shaalaa.com
Dissolution of a Partnership Firm - Settlement of Accounts
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