Saved Bookmarks
| 1. |
A report on procedure of winding up partnership firm needs and importance to point accountancy 12 that commers |
|
Answer» ds and importance of partnership firms are • Greater capital and credit possessions • Modification of MANAGEMENT • EASY FORMATION • Poised wisdom leads to better results • Greater personal supervision • Shouldering of risks Procedure of winding up: • Distributing the residual assets to the continuing PARTNERS • Collecting residual business possessions. • Settling any residual amount owed to non-partner CREDITORS. Hope it helped.......... |
|