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P1 C7 DISSOLUTION OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C7 DISSOLUTION OF PARTNERSHIP1 Mark
Question
Due to which contingencies or happenings partnership firm is automatically dissolved?
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Answer

If partnership firm $(i)$ constituted for a fixed term and by the expiry of that term and $(ii)$ if constituted to carry out specific aim, by the completion there of, firm will be dissolved automatically.

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