What is the difference between the retirement of a partner or death of a partner?
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in case of retirement,thepartners can retire only at the end of an accounting year whereas death of a partner may occur at anytime during the year. ... Whereas in case of death the balance is transferred to his executor 's loan account.
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In case of retirement,the partners can retire only at the end of an accounting year whereas death of a partner may occur at anytime during the year. ... Whereas in case of death the balance is transferred to his executor's loan account
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