Give any two objects of the partners share gain (profit) or loss on realisation of various assets and payment of various liabilities.

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Following are the two objects of the partners share gain (profit) or loss on realisation of various assets and payment of various liabilities :
1. To know the actual amount payable to or received from any partner.
2. To avoid any disputes regarding distribution of cash available with the business.

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Give any two objects of the partners share gain (profit) or loss on realisation of various assets and payment of various liabilities.

Following are the two objects of the partners share gain (profit) or loss on realisation of various assets and payment of various liabilities :1. To know the actual amount payable to or received from any partner.2. To avoid any disputes regarding distribution of cash available with the business.

Following are the two objects of the partners share gain (profit) or loss on realisation of various assets and payment of various liabilities :
1. To know the actual amount payable to or received from any partner.
2. To avoid any disputes regarding distribution of cash available with the business.