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About 1 Lecture Notes Dissolution
The document discusses partnership dissolution which refers to the termination of a partnership and cessation of business activities. Partnerships can dissolve for various reasons including changes in ownership like admission of a new partner. When a new partner is admitted, the partnership dissolves and a new partnership is formed. The document provides examples of accounting entries required for different scenarios of admitting a new partner through purchase of interest from existing partners or investing in the partnership.
Detailed Information
| Author: | ['Maybelle Espenido'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 17 |
| Language: | English |
| Format: | |
| Price: | FREE |
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