What act generally includes completing unfinished partnership business; collecting and paying debts; collecting partnership assets to be turned into cash and taking inventory?

by Sunday | Nov 28 | Accounting JAMB | 0 comments

A. Formation
B. dissolution
C. winding up
D. termination

Correct Answer:

Option B – dissolution

Explanation

It is the first step in termination process

Users Also Read These:

Recent Posts

Products

Halliday's Functions of Language Original price was: ₦1,000.00.Current price is: ₦300.00.
Functions of English in Nigeria Original price was: ₦1,000.00.Current price is: ₦300.00.
Innatist Theory and Mentalist Thought Original price was: ₦1,000.00.Current price is: ₦300.00.
Language Acquisition and Learning Original price was: ₦1,000.00.Current price is: ₦300.00.
Lesson Plan for SS2 Students Original price was: ₦1,000.00.Current price is: ₦300.00.

Product categories

Earn Your Degree In 3 Years Without Writing UTME. Click Here To Learn More.