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Partnership liquidations are made at the end of the life of a partnership. What triggers a partnership to cease its legal existence? Please explain the

Partnership liquidations are made at the end of the life of a partnership.


What triggers a partnership to cease its legal existence? Please explain the liquidation process of a partnership in detail. Would the accounting for a general partnership and a limited partnership liquidation differ from each other? How?


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Triggers for Partnership Cessation A partnership may cease its legal existence for several reasons including but not limited to 1 Mutual Agreement All partners agree to dissolve the partnership 2 Expi... blur-text-image

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