Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner) – USHA Publication Class +2 – Solution

Chapter No. 6 - Partnership Accounts - V (Retirement and Death of A Partner) - USHA Publication Class +2 - Solution

When one partner in the partnership firm want to retire and all partners agree with him, the situation is known as Retirement of a Partner.

What is the Retirement of a Partner:

When one partner wants to get retirement from the partnership firm with the consent of all remaining partners if known as the Retirement of a partner. The partner may get retirement from the partnership firm in the following situation: –

  1. Retiring Partner’s own choice to get retired 
  2. End of the agreement between the Partners. 
  3. Where all remaining partners agree on that one partner should have to get retired from the partnership. 

Check out the full article: 

Retirement of a Partner – Explained with Illustration

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner) – USHA Publication Class +2 – Solution

Question wise solution of the all Questions of Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner) – USHA Publication Class +2 – Solutions are shown below: –

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