Dissolution example sentences
According to Section 39 of the partnership Act 1932, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm.PTH acts on bones and stimulates the process of bone resorption (dissolution/ demineralisation).This does not necessarily involve dissolution of the firm.The dissolution of a firm implies the discontinuance of partnership business and separation of economic relations between the partners.Murray case, which states that the solvent partners have to bear such loss in the ratio of their capitals as on the date of dissolution.Dissolution of a partnership firm may take place without the intervention of court or by the order of a court, in any of the ways specified later in this section.However, the accounting treatment relating to dissolution of partnership on account of insolvency of partners is not being taken up at this stage.As stated earlier dissolution of partnership changes the existing relationship between partners but the firm may continue its business as before.That means the Act recognises the difference in the breaking of relationship between all the partners of a firm and between some of the partners; and it is the breaking or discontinuance of relationship between all the partners which is termed as the dissolution of partnership firm.The beginning of diplotene is recognised by the dissolution of the synaptonemal complex and the tendency of the recombined homologous chromosomes of the bivalents to separate from each other except at the sites of crossovers.In other words, it results in the dissolution of a partnership but not that of the firm.Thus, all accounts of a firm are closed in case of dissolution.The conditions of precipitation of the salt from their solutions or their dissolution in water are worked out.In the case of a dissolution of a firm, the firm closes its business altogether and realises all its assets and pays all its liabilities.When a partner has agreed to undertake the dissolution work for an agreed remuneration bear the realisation expenses.
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