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Mam\sir I did not understood in 5 th point of below picture

Balachandar S

CA Inter

★ 59K+

21-Aug-21 20:53

633

Answers (3)

What is the difference about

Reetikaa R

CA Final

★ 7K+

22-Aug-21 08:16

When the firm is dissolved the firm is no longer existing hence no books of accounts , we finally permanently close all the books of accounts . however Dissolution of partnership means admission , death or retirement of a partner here we revalue all assets and liabilities and distribute among existing partners, The books are not closed.

roshini reddy

CA Inter

★ 1K+

22-Aug-21 11:53

roshini reddy

When the firm is dissolved the firm is no longer existing hence no books of accounts , we finally permanently close all the books of accounts . however Dissolution of partnership means admission , death or retirement of a partner here we revalue all assets and liabilities and distribute among existing partners, The books are not closed.

Thax mam

Thread Starter

Balachandar S

CA Inter

★ 59K+

22-Aug-21 15:13

Law

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