Note: dissolution of partnerships will not be examined
Dissolution means closing down a partnership entirely. AQA will never ask you exam questions about this process.
Real World
Although AQA excludes dissolution, in reality when the Phones 4u partnership-style business collapsed in 2014, a realisation account was used to wind up assets and settle creditors before distributing remaining funds.
Exam Focus
If dissolution appears as a distractor in a multiple-choice question, remember it is explicitly excluded — do not waste time on it.
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