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P1 C6 RETIREMENT/DEATH OF A PARNER — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C6 RETIREMENT/DEATH OF A PARNER1 Mark
Question
State the circumstances of a Partner's retirement.
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Answer

Circumstances of a partner's retirement are as follows:
$(1)$ According to Indian Partnership Act.
$(2)$ Voluntary retirement due to personal reasons of a partner.

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