Accountancy, asked by shivaniAcharya, 8 months ago

state the effect of retirement of a partner

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Answered by Anonymous

Answer:

A retired partner continues to be liable to the third party for acts of the firm till such time that he or other members of the firm give a public notice of his retirement. ... The retired partner, however, continues to be liable for acts of the firm done before such retirement of a partner.

Answered by Anonymous

A retired partner continues to be liable to the third party for acts of the firm till such time that he or other members of the firm give a public notice of his retirement. ... The retired partner, however, continues to be liable for acts of the firm done before such retirement of a partner.

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