The Accounting term used to describe a partnership firm that stops operation and disposes its assets is ____________
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Correct Answer: Option D
Explanation:
Dissolution of partnership is the process whereby a partnership is automatically dissolved or brought to an end by the happenings of any event which makes it unlawful to carry on the business.
Dissolution of partnership is the process whereby a partnership is automatically dissolved or brought to an end by the happenings of any event which makes it unlawful to carry on the business.