The Accounting term used to describe a partnership firm t...
The Accounting term used to describe a partnership firm that stops operation and disposes its assets is
Amortization
Revaluation
Realization
Dissolution
Correct answer is D
Dissolution of partnership is the process whereby a partnership is automatically dissolved or brought to an end by the happenings of any event which makes it unlawful to carry on the business.
Incomplete Record (Extract) Sales......................................N10,600 Rent................
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Sales--------------- 120,000 Purchase-----------100,000 Opening stock-----10,000 Closing stock---...
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