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Answer in one sentence only. How the death of a partner is a compulsory retirement? - Book Keeping and Accountancy

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Question

Answer in one sentence only.

How the death of a partner is a compulsory retirement?

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Solution

After the death of a partner, business is not able to get any kind of services from a deceased partner and so we can say that the death of a partner is like a compulsory retirement.

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Chapter 5: Reconstitution of Partnership (Death of Partner) - Exercise 5.1 (Objective Questions) [Page 201]

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Balbharati Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
Chapter 5 Reconstitution of Partnership (Death of Partner)
Exercise 5.1 (Objective Questions) | Q 1. E. 4. | Page 201
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