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What is meant by the retirement of a partner? - Accountancy

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प्रश्न

What is meant by the retirement of a partner?

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उत्तर

When a partner leaves from partnership firm it is known as retirement. The reasons for the retirement of a partner may be illness, old age, and disagreement with other partners, etc.

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अध्याय 6: Retirement and death of a partner - Very short answer questions [पृष्ठ २१६]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
अध्याय 6 Retirement and death of a partner
Very short answer questions | Q II 1. | पृष्ठ २१६
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