Accountancy, asked by naveenreddy14, 3 months ago

mention any two circumstances for retirement of a partner​

Answers

Answered by amangarnayak04
2

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:

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