Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

A retiring partner remain liable for all the acts of the partnership firm up to date of.............

Options:

Retirement

Dissolution

Admission

Reconstitution of firm

Correct Answer:

Retirement

Explanation:

Liability of the Firm for the Acts before Retirement [Section 32 (2)]- A retiring partner remains liable for all the acts of the firm up to the date of his retirement.