Retiring partner is not entitled to his share of general reserve. (State True or False)
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your answer is. true
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Answer:
The given statement is false.
Explanation:
The reason for the above answer is that a retiring partner is entitled to every share or reserve, which is general or common for all partners because that is the contribution of all the partners together and not just one.
If a partner is retiring, then he will be given his share in the company on his retirement.
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