Retirement or death of a partner will create a situation for the continuing partners, which is known as:
A. Dissolution of Partnership
B. Dissolution of partnership firm
C. Winding up of business
D. None of the aboveRetirement or death of a partner will create a situation for the continuing partners, which is known as:
A. Dissolution of Partnership
B. Dissolution of partnership firm
C. Winding up of business
D. None of the above
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Answer:
Retirement of a partner is dissolution of partnership.
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Explanation:
Dissolution of partnership.
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