Assertion (A): Retirement of partner means partnership comes to an end and new partnership becomes operative.

999 viewsJuly 2, 2023Assertion Reason (Retirment)

Anurag Pathak28.64K July 2, 2023 0 Comments

Reason (R): Retirement of a partner is reconstitution of partnership and the firm continues.

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Anurag Pathak28.64K Posted July 2, 2023 0 Comments

Ans – a)

Explanation:-

Retirement of a partner means reconstitution of the partnership, where partnership comes to and end but firm continues.

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Assertion (A): Retirement of partner means partnership comes to an end and new partnership becomes operative.

1 Answer

Anurag Pathak

1 Answer

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