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What accounting transactions are not recorded by an accountant during partnership liquidation? a. Write-off of remaining unpaid debts. b. The allocation of gains and losses
What accounting transactions are not recorded by an accountant during partnership liquidation?
a. Write-off of remaining unpaid debts.
b. The allocation of gains and losses from sales of assets.
c. The conversion of partnership assets into cash.
d. The payment of liabilities and expenses.
e. The initiation of legal action by creditors of the partnership.
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