Accountancy, asked by christensonmurmu, 28 days ago

mention the method of retirement of a partner?

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Answered by BanGDreamLover

1

Answer:

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.

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