Question

what are the causes of retirement of a partner

Answer 1

A partner, who goes out of a firm, is called retiring partner or outgoingpartner. Causes for the retirementmay be that a retiring partner may be too old or he may have better opportunity in a different line or he may dislike the co-partners' attitude or any other reasons.

Answer 2

hey their..

here is your answer..

☆RETIREMENT OF A PARTNER MEANING: When one or more partners leaves the firm and the remaining partners continue to do the business of the firm, it is known as retirement of a partner.

☆Due to some reasons like old age, poor health, strained relations etc., an existing partner may decide to retire from the partnership.

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