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Adjustments Incase of Death of a Partner

When a partne...

Question

When a partner retires, his share of profit is __________.

A

shared by other partner(s).

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B

given to his legal successors.

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C

vested in the partner.

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D

vests with the official liquidator.

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Solution

The correct option is A shared by other partner(s).
If the partner are retire , but profit share by other partner retire partner are liable to share such profit because of partners is liable to share future profit earn by partner of firm.

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