Dissolution of partnership : Dissolution of partnership is simply discontinuing its business which it has been doing for a while. In this case the assets are sold and liabilities are paid off .When any of the partners continues to run business under same name but the partners are dead or retired it is called as dissolution of partnership. To indicate: Circumstances in which partnership dissolves

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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.

Chapter 12, Problem 2RQ

To determine

Dissolution of partnership:

Dissolution of partnership is simply discontinuing its business which it has been doing for a while. In this case the assets are sold and liabilities are paid off .When any of the partners continues to run business under same name but the partners are dead or retired it is called as dissolution of partnership.

To indicate: Circumstances in which partnership dissolves

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Please given answer general Accounting

Questions:-General Account - On March 1, 2019, Alpha Company's beginning work-in-process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% completed to conversion costs. Alpha introduces direct materials at the beginning of the production process. During March, a total of 15,000 units were started and a total of 20,000 units were completed. Alpha's ending WIP inventory had 3,000 units which were 70% completed to conversion costs. Alpha uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs

Please provide correct calculation for this accounting question

Answer 2

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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.

Chapter 12, Problem 2RQ

To determine

Dissolution of partnership:

Dissolution of partnership is simply discontinuing its business which it has been doing for a while. In this case the assets are sold and liabilities are paid off .When any of the partners continues to run business under same name but the partners are dead or retired it is called as dissolution of partnership.

To indicate: Circumstances in which partnership dissolves

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Answer 3

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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.

Chapter 12, Problem 2RQ

To determine

Dissolution of partnership:

Dissolution of partnership is simply discontinuing its business which it has been doing for a while. In this case the assets are sold and liabilities are paid off .When any of the partners continues to run business under same name but the partners are dead or retired it is called as dissolution of partnership.

To indicate: Circumstances in which partnership dissolves

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

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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.

Chapter 12, Problem 2RQ

To determine