Difference between Retirement and Death of Partner any six point
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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.Apr 15, 2018
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In cases 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
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