Question

partners equity is affected due to
a) retirement of partner
b)death of partner
c) admission of partner
d) all of the above
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Answer 1

Answer:

This is the answer.

Hope this helps you.

Answer 2

Answer:

The correct answer to the question-" partners equity is affected due to" is-

d) all of the above

Explanation:

Partners equity-

It is the partner's ownership interest in the business.In the partnership  asset ,the percentage asset which the partners are having is known as Partner equity.

In a balance sheet ,the retained earnings added to total contribution of all the partners .

a) Retirement of partner-

The retired partner is liable to the third party ,till he/she gives a public notice of his/her retirement .Although, if the third party deals with the firm without knowing that he was the former partner in the firm,then he is not liable to the third party.

b)Death of partner-

Deceased partners are those who have discontinued the partnership ,due to his/her death. A contract is not dissolved by the death of a partner,  between the partners of the enterprise .The estate of a dead partner is not responsible for any act of the enterprise done after his death.

c) Admission of partner

New partners are like driving motives for a business firm. A s per the act ,any new member can be admitted into the firm with existing partners consent.

Therefore ,the correct option is, d) all of the above .