Accountancy, asked by Missunique9360, 8 months ago

Brief explaination about jlp

Answers

Answered by kimrose90

0

Answer:

here is your answer

Explanation:

Joint life policy (jlp) is a policy which is decided by partners of the firm on the joint lives of other partners. The purpose of the joint life policy is to reduce the financial burden on the firm at the time of payment of a large sum to to the legal representative of the deceased partner.

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