The dissolution of a partnership involves selling off the assets,settling liabilities,and distributing the proceeds to the partners.

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When a partnership is dissolved, the assets of the partnership are sold off, and the proceeds are used to settle any outstanding liabilities. After all outstanding debts have been paid, any remaining funds are distributed among the partners according to their agreed-upon share of the partnership. This process is known as liquidating the partnership.

The Dissolution of a Partnership Involves Selling Off the Assets,settling