In liquidation of a partnership profit and loss become part of:

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In liquidation of a partnership, the profit and loss of the partnership are settled first with the partners' capital. The remaining assets are then distributed among the partners or creditors according to the terms of the partnership agreement. The partners' personal wealth not related to the partnership is not affected by the liquidation process. Therefore, the profit and loss become part of the partners' capital.

In Liquidation of a Partnership Profit and Loss Become Part