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Partner's Capital Account Adjustments(Death)

The firm come...

Question

The firm comes to an end immediately whenever any partner dies. State true or false.

A

False

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B

True

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Solution

The correct option is A
False

The partnership comes to an end immediately, whenever a partner dies although the firm may continue with the remaining partners.

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Partner's Capital Account Adjustments(Death)

Standard XII Accountancy

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