Accountancy, asked by YashGupta2877, 5 months ago

Diferance between retiremant and death of partnership

Answers

Answered by Parkanna91
6

Answer:

Hope it helps you :)

Explanation:

in case of retirement,the partners can retire only at the end of an accounting year whereas death of a partner may occur at anytime during the year . Whereas in case of death the balance is transferred to his executor 's loan account.

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