Dear All,
What happens first dissolution of deed or closure of books....i mean to ask whether we have to pass all bank and cash entries and then dissolve partnership or first dissolve partnership by crearing the deed and then close accounts by creating realisation account.
First dissolution deed is drafted and is signed by all the partners.. Thereafter , closure of books takes place and balances are settled as per deed drafted and approved...
Ya Agree with Faiz
yes faiz is right
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