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Financial Accounting and Reporting > Partnership Dissolution > Flashcards

Partnership Dissolution Flashcards

1
Q

Change in relation / Change in Ownership

A

Article 1828

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2
Q

Additional Partner or Reduction in the number of partner manifested by the modification in the articles of partnership.

A

Partnership Dissolution

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3
Q

It is the process of evaluating and remeasuring the assets

A

Asset Revaluation

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4
Q

Net Adjustments

A

Increase in Asset - Net Loss

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Financial Accounting and Reporting (4 decks)

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