Accounting for Withdrawal of a Partner | Financial Accounting Course | CPA Exam
Channel: Farhat Lectures. The # 1 CPA & Accounting Courses
Date: 2020-05-11

IN this video, I discuss withdrawal of partner as in financial accounting.  Partner may withdraw by selling their equity in the business, through retirement, or upon death. The withdrawal of a partner, just like the admission of a new partner, dissolves the partnership, and a new agreement must be reached.

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