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Commerce · Q1736

Accounting

Graduate and Post Graduate · Commerce · question 1736

Q1736

A retiring partner continues to be liable for obligations incurred after his retirement:

A.
If unpaid amount is transferred to his loan account
B.
If he does not give public notice
Answer
C.
It he starts a similar business elsewhere
D.
In all the situations till he survies

Answer: Option B

Solution

Answer: Option B
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