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7:DISSOLUTION OF A FIRM

7:DISSOLUTION OF A FIRM

Meaning of dissolution of partnership and partnership firm, types of dissolution of a firm. Settlement of accounts
Preparation of realization​ account, and other related accounts:
Capital accounts of partners and cash/bank a/c (excluding piecemeal distribution, sale to a company and insolvency of partner(s)).
Journal entries of dissolution expenses, etc.

Fun learnings
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