Question: Explain the following question 3. When a partner leaves, the partnership is dissolved, but the business continues. When liquidated or terminated, the business is done,

Explain the following question 3. When a partner leaves, the partnership

Explain the following question

3. When a partner leaves, the partnership is dissolved, but the business continues. When liquidated or terminated, the business is done, both in legal and economic terms. What are the steps when partnership is terminated? (8 marks)

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