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ANDHRA PRADESH
Name : R.Dasharatham
Designation : Lecturer
Branch : D.C.C.P.
Institute : GPW, Warangal
Year : I year
Subject : Business Organization
Subject code : CCP-104
Topic : Forms of Business Organization-Sole
Trading and Partnership
Duration : 50 mts
Sub topic : Dissolution of Partnership
Teaching Aids: :P.P.T., Animation, Photos.
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Objectives
On completion of this period you would be
able to know:
What is Dissolution of Partnership and
Partnership Firm
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Do you know the meaning of dissolution?
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Soon after a spoon of sugar is poured in a
glass of water, what happens?
It will dissolve.
There will not be any sugar particle seen.
It will lose its identity.
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Dissolution of Partnership
A partnership is a relation between persons who
have agreed to share the profits or losses arising
out of business
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Dissolution of Partnership
A partnership is dissolved :
On death of a partner
Retirement of a partner
Insolvency of a partner
On expiry of the term
Completion of particular venture
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Dissolution of Partnership Firm
Dissolution of partnership firm puts an end to all
activities of a firm
Dissolution of firm includes dissolution of
partnership
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Circumstances Of Dissolution Of
Partnership Firm
When the partners decide that firm should be
dissolved
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Dissolution of Partnership Firm
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Dissolution of Partnership Firm
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Dissolution of Partnership Firm
The following are the circumstances when the
Court may order the dissolution of the firm :
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Dissolution of Partnership Firm
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Dissolution of Partnership Firm
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Winding Up And Settlement Of
Accounts
Assets are disposed off and the amount so
realized is utilized in paying off:
a) the debts of the firm to the third parties.
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Winding Up And Settlement Of Accounts
Remaining balance distributed to partners in
sharing ratio
If amount not sufficient to pay liabilities
Partners contribute deficiency in sharing ratio
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Summary
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Quiz:
1.The Partnership firm will be dissolved:
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Contd..
Quiz:
2.Which is the first preference in paying off the debts
when a firm is dissolved:
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Frequently asked questions :
1. What is dissolution of a firm?
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Assignment
1. Differentiate between a) Dissolution of a
Partnership and; b) Dissolution of Partnership
Firm?
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