State whether the following statements are True or False with reasons.

1.	State whether the following statements are True or False with reasons.Dissolution takes place when the relationship among the partners comes to an end.
Answer» This statement is True. As per definition, Dissolution means to wind up or to close down, and it is possible only when relations among the partners in a partnership firm come to an end.

State whether the following statements are True or False with reasons.Dissolution takes place when the relationship among the partners comes to an end.

Answer»

This statement is True.

As per definition, Dissolution means to wind up or to close down, and it is possible only when relations among the partners in a partnership firm come to an end.

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State whether the following statements are True or False with reasons.Dissolution takes place when the relationship among the partners comes to an end.

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