Accountancy, asked by christensonmurmu, 5 months ago

what is meant by retirement of a partner?

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Answered by OounicornloveroO

0

Answer:

A partner who cut his connection with the firm is called a retiring partner or outgoing partner. Retirement of a partner leads to reconstitution of a partnership firm as the original agreement between the partners comes to an end. The business may continue with a new agreement with the remaining partners.

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