Accountancy, asked by shivaniAcharya, 8 months ago

How is partners share determined on the retirement or death?Explain​

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Answered by poojagaurav174
3

Answer:

Retirement or Death of a Partner. One major change in the constitution of a partnership firm may occur if a partner undergoes retirement from the firm or in the event of his death. In both cases, the partner's account will have to be settled, and new ratios will have to be calculated.

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