Which of the following is not a part of the winding up process? Group of answer choices Discharge of the partnership debts. Dissolution of the partnership. Closing the partnership's business. Distribution of the net proceeds to the partners.
Which of the following is not a part of the winding up process? Group of answer choices Discharge of the partnership debts. Dissolution of the partnership. Closing the partnership's business. Distribution of the net proceeds to the partners.
Which of the following is not a part of the winding up process? Group of answer choices Discharge of the partnership debts. Dissolution of the partnership. Closing the partnership's business. Distribution of the net proceeds to the partners.
Which of the following is not a part of the winding up process?
Group of answer choices
Discharge of the partnership debts.
Dissolution of the partnership.
Closing the partnership's business.
Distribution of the net proceeds to the partners.
Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.
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