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







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