If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement:

Related MCQs

• A new partner may be admitted to a partnership:
• In case of retirement of a partner full good will is credited to the accounts of:
• The accounting procedure at the retirement of partner is valued:
• The loss or gain an account of revaluation at the time of retirement of a partner is shared by:
• On the retirement of a partner any reserve being should be transferred to the capital account of:
• Retirement or death of a partner.
• Section 37 of partnership act provided interest on the amount left by retiring or decreased partner at:
• Any partner who investments in the business but does not take active part in the business is:
• The written agreement of partnership is called:
• If no provision is made in agreement regarding the duration of the partnership: