Accounting JAMB

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

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

Correct Answer:

Option B – dissolution

Explanation

It is the first step in termination process

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4 years ago

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