Accountancy, asked by sushmithamahesh2003, 7 months ago

mention any 2 circumstances for retirement of a partner??

plz answer me I will mark uh as bainilist​

Answers

Answered by Karthi2112
1

Answer:

In case of Partnership at Will, a partner may retire at any time. Retirement amounts to a reconstitution of a firm where the number of partners, their capital contribution ratio and also the profit sharing ratio changes. The retiring partner is paid his share of capital, goodwill and revaluation profit or loss.

Explanation:

I Hope U R Crystal Clear With Ur Question... So, Kindly Mark Me As BRAINLIEST If U Like To And Do Rate Me If U Like To...

Thank You!!!!!!

Similar questions