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Chapter 13

Chapter 13. Liquidation of the Partnership. LIQUIDATION OF A PARTNERSHIP. The liquidation of a partnership terminates the business. To liquidate a partnership, follow these steps: 1. Sell noncash assets for cash and recognize any gain or loss on realization.

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Accounting For Cash

Accounting For Cash. Cash includes Currency, coins, money orders on hand Checking and money market accounts Undeposited checks on hand Cash equivalents Accounting for cash Each type of cash or particular account will have a separate account in the ledger

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Cash 5 - PowerPoint PPT Presentation

Chapter 13

Accounting For Cash