The sale of assets for liquidation purposes of a partnership is called:

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The term that refers to the sale of assets for liquidation purposes of a partnership is called realization. This involves converting the assets of the partnership into cash so that the partnership can pay off its debts and distribute any remaining proceeds to the partners. A sheriff's sale typically refers to the forced sale of assets by court order, while net profit and net liquidation are accounting terms that relate to the profitability and financial position of a business.

The Sale of Assets for Liquidation Purposes of a Partnership