Question

what do you mean by retirement of a partner​

Answer 1

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

Explanation:

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Answer 2

Answer:

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Explanation:

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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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