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
Q. Probability of Success in Application for Debt Finance? I have to advise you that there are signs of overtrading in our recent financial statements and our company is approa

Wendy is evaluating a capital budgeting project that should last for 4 years. The project requires $ 800,000 of equipment. She is unsure what depreciation method to use in her anal

Describe the following questions:- Q.1 Explain how financial statements assist in the capital allocation process. How are financial statements limited? Which financial statement

Powers of trustee (A) Of his own initiative, he may: 1.    Sell and transfer any part of the bankrupt's property; 2.    Gives receipts for money received; 3.    Take all n

I need extra help with receivable turnover, days'' sales uncollected, and bank reconciliation.

The Major Assignment Business Case Study is about American Cable Communications' proposed acquisition of the firm Air Thread Connections. The case study is available from the folde


Steps for preparing Final Accounts The following steps should be followed in preparing the final accounts where we have a foreign branch. 1. Update the trial balance of the br


MAINTENANCE Trustees may pay to the parent or guardian out of income of a fund held on the trust for an infacnt reasonable sums for his maintenance and education, having regard