Question

difference between admission of partners and death of partners and retirement of partners​

Answer 1

Answer:

retirement of a partner  means when a partner want to leave partnership due to some reason by himself and collect all his share in company and death of a partner means when without his wantring bcz of his death he has to leave company nd then his share give to his exicutive on his behalf

Explanation:

Answer 2

Answer:

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. ... The balance in the retiring partner's account is either paid in lumsump or by transferring it to his loan account.

Explanation:

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