Question on: SS2 Accounting - Dissolution of Partnership: Meaning

What is the dissolution of partners?

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A

The termination of a partnership and distribution of its assets and liabilities among the partners

 

B

The process of forming a new partnership with additional partners.

C

The transfer of ownership of a partnership to a single partner.

D

The process of merging two or more partnerships into one.

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Correct Option: A

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