Which of the following statement is not true?
A. The dissolution of partnership between all the partners of a firm is called the dissolution of the firm
B. All the partners are jointly and severally liable for the acts of the firm
C. The dissolution of firm leads to discontinuation of the partnership business
D. The dissolution of partnership means the dissolution of firm as well.
Answer:C
Which of the following statement is not true?
A. The dissolution of partnership between all the partners of a firm is called the dissolution of the firm B. All the partners are jointly and severally liable for the acts of the firm C. The dissolution of firm leads to discontinuation of the partnership business D. The dissolution of partnership means the dissolution of firm as well.