In case of retirement,the partners can retire only at the end of an accounting year whereas death of a partner may occur at anytime during the year. ... Whereas in case of death the balance is transferred to his executor 's loan account.

THARUN KUMAR EKAMBARAM

CA Foundation

★ 4K+

06-Nov-20 00:29

OK and everything else is the same like goodwill ?

AKSHITA SITA PRAVA

CA Inter

★ 10

07-Nov-20 14:10