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  3. dissolution of a partnership firm refers to? a. al

Dissolution of a partnership firm refers to? a. All assets will be realized and liabilities...

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Question

Accounting

Dissolution of a partnership firm refers to?

a.

All assets will be realized and liabilities will be paid off

b.

All options are correct.

c.

Termination of the existing relationship between the partners of a firm

d.

It means that business will come to an end and the firm will wind up its business

Answer & Explanation Solved by verified expert
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