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What accounting transactions are not recorded by an accountant during partner liquidation?

A) The conversion of partnership assets into cash.

B) The allocation of the resulting gains and losses.

C) Remaining unpaid debts settled, and the distribution of any remaining assets to the partners based on their profit and loss ratio.

D) None of the above.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9446655

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