Dissolution of a partnership, Financial Accounting

Dissolution of a partnership
A partnership is dissolved when:

  1. It is temporary (maybe set up for a given period which has lapsed);
  2. One partner notifies the others in writing, of his intention to retire;
  3. A partner dies, becomes insane or bankrupt;
  4. The partnership becomes unlawful.

 

Posted Date: 12/11/2012 5:46:37 AM | Location : United States







Related Discussions:- Dissolution of a partnership, Assignment Help, Ask Question on Dissolution of a partnership, Get Answer, Expert's Help, Dissolution of a partnership Discussions

Write discussion on Dissolution of a partnership
Your posts are moderated
Related Questions
DELEGATION A trustee cannot deleget unless: 1.    It is necessary or in the ordinary course of administration; or 2.    Authorised by the trust instrument; or 3.    Authorise

Define the term Relevance - accounting information Accounting information should have the ability to influence decisions. Except this characteristic is present, there is ac


Question: Consider a project that involves the purchase of a $100,000 machine.  The machine will last for three years.  It is expected to produce 20,000 units per year.  The sa

You have the following limited information upon which to base your decision as to which is the better of two alternative funding arrangements: Alternative 1 is to arrange fun

I need help with a mini accounting project. Here is a link to the questions I need answers to. Read the questions and instructions and if you think you can complete the case within

WILLS A will is the legal declaration by a person of his wishes or intentions regarding the disposition of his property after his death, duly made and executed according to the p

Motivation is said to be an internal state that energises an individual to engage in certain types of behaviours. This process is triggered when the individual experiences certain

I want to do a custom dissertation on IAS 40 investment property which needs to include a brief outline, positive as well as negative international critique with respect to the sta

Richard Company had 102,000 shares of $5 par value common stock issued and outstanding before repurchasing 10,200 shares for $76,500. Richard had received $2,040,000 cash from shar