Difference between retirement and Death
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Answer:
in easy words
retirement :- in a partnership firm, if a partner leaves by his own choice, it is know as retirement
death :- ina partnership firm, if a partner is disbanded from his own party, it's a death
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Hey mate here is your answer
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
Hope it's helpful for you
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