Accountancy, asked by naruto3471, 9 months ago

Difference between retirement and Death

Answers

Answered by shubhbansal08
0

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

hope it hepls

Explanation:

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Answered by rajkumarprasad7599
2

Answer:

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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