Short answer question:What is meant by retirement of a partner?

You visited us 0 times! Enjoying our articles? Unlock Full Access!Standard XIIAccountancyQuestionOpen in AppSolutionVerified by TopprWhen one or more partners decides to leave the firm due to old age, poor health or any other reason and the remaining partner continues to do the business of the firm, it is known as retirement of partner.Was this answer helpful?12