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SS 3 Financial Accounting (1st, 2nd & 3rd Term) Financial Accounting

DISSOLUTION OF PARTNERSHIP

Meaning To dissolve a partnership means to bring an existing partnership business to an end. This entails selling the assets of the business, paying its creditors and other liabilities and sharing the balance of cash left between or among the partners in the agreed ratio. Reasons for Dissolution Any of the following reasons can lead […]

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