Cambrige Notes: Principles of Accounting: Partnership dissolution
Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Accounting for Partnerships: Goodwill and Partnership businesses: Revaluation of Partnership Assets
- While it is true that a new partnership is created when partners leave and join the partnership
- The entries required to show this are actually different from the entries needed when a partnership does actual dissolve
- From an accounting point […]