reason for retirement of a partner

Question

what are the causes of retirement of a partner from a partnership firm. give any 5 reason

1231 Views

Answer 1

Hello aspirant,

A partnership is a contract that allows two or more people to split the earnings from a firm that they all run together, or from any one of them acting on behalf of the others. Reconstitution of the partnership firm refers to any modification to the current agreement.

A partner may opt to retire or leave the company for a variety of reasons, including advanced age, poor health, a shift in the company's line of work, etc. A partner in a partnership at will is free to retire whenever they choose.

Thank you

Hope it helps you.

Exams

Colleges

Predictors

Resources

Quick links

B.Tech CompanionUse Now Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

Exams

Colleges & Courses

Predictors

Resources

Exams

Colleges

Predictors & E-Books

Resources

Engineering Preparation

Medical Preparation

Online Courses

Products

Exams

Colleges

Resources

Exams

Colleges

Predictors & Articles

Resources

Exams

Colleges

Predictors

Resources

NEET CompanionUse NowYour one-stop Counselling package for NEET, AIIMS and JIPMER

Exams

Colleges

Upcoming Events

Resources

Exams

Colleges

Resources

Quick Links

Top Streams

Specializations

Resources

Top Providers

Exams

Colleges

Resources

Diploma Colleges

Exams

Colleges

Resources

Exams

Resources

Top Courses & Careers

Colleges

Exams

Upcoming Events

Resources

Other Exams

Exams

Colleges

Top Countries

Student Visas

Exams

Top Schools

Products & Resources

NCERT Study Material

reason for retirement of a partner

Related Questions

what are the causes of retirement of a partner from a partnership firm. give any 5 reason

what is meant by gain ratio on retirement of a partner

Question : Which of the following statements is true?

Question : Assertion (A) Rent due to a partner is not transferred to the rent payable account but rather to the credit of the partner's capital account. Reason (R): Paying rent to a partner for allowing the company to utilise his personal property for commercial purposes is a

Question : Which of the following statement is correct?

Trending Articles/News

Sign In/Sign Up

Download the Careers360 App on your Android phone

B.Tech CompanionUse Now
Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

NEET CompanionUse Now
Your one-stop Counselling package for NEET, AIIMS and JIPMER

Question : Assertion (A) Rent due to a partner is not transferred to the rent payable account but rather to the credit of the partner's capital account.
Reason (R): Paying rent to a partner for allowing the company to utilise his personal property for commercial purposes is a

Question :
Which of the following statement is correct?