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What is the difference in accounting of retirement and death of a partner?


Akshita  Prava

Akshita Prava

CA Foundation

35

05-Nov-20 20:08

40

Answers (2)

 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

THARUN KUMAR EKAMBARAM

CA Foundation

10K+

06-Nov-20 00:29

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