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Commerce · Q644

Accounting

Graduate and Post Graduate · Commerce · question 644

Q644

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

A.
Unpaid amount is transferred to his loan account
B.
He does not givea public notice
Answer
C.
He starts a similar business elsewhere
D.
In all the situations till he survives

Answer: Option B

Solution

Answer: Option B
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