Commerce Exam  >  Commerce Questions  >  This a MCQ (Multiple Choice Question) based p... Start Learning for Free
This a MCQ (Multiple Choice Question) based practice test of Chapter 4 - Retirement and Death of a Partner of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinations
Q  How can a partner get retirement from the partnership firm?
  • a)
    When all existing partners agreed
  • b)
    With the effect of agreement
  • c)
    When a new partner is admitted
  • d)
    Both When all existing partners agreed and With the effect of agreement
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
This a MCQ (Multiple Choice Question) based practice test of Chapter 4...
A partner can get retirement in the following ways:
(1) With the consent of all the partners
(2) Due to ill health
(3) Agreement/contract is over
(4) By giving notice
View all questions of this test
Most Upvoted Answer
This a MCQ (Multiple Choice Question) based practice test of Chapter 4...
A partner get retirement from the partnership firm then both all the existing partners agreed and with the effect of agreement.
Free Test
Community Answer
This a MCQ (Multiple Choice Question) based practice test of Chapter 4...
Answer (D) is correct becoz a= parntership is a mutual agreement and when all partners are agreed then a partner can take retirement B= During the time of making the partnership the partner must have signed a an agreement that After a particular time or particular Work he will take retirement
Explore Courses for Commerce exam

Top Courses for Commerce

Question Description
This a MCQ (Multiple Choice Question) based practice test of Chapter 4- Retirement and Death of a Partner of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ How can a partner get retirement from the partnership firm?a)When all existing partners agreedb)With the effect of agreementc)When a new partner is admittedd)Both When all existing partners agreed and With the effect of agreementCorrect answer is option 'D'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about This a MCQ (Multiple Choice Question) based practice test of Chapter 4- Retirement and Death of a Partner of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ How can a partner get retirement from the partnership firm?a)When all existing partners agreedb)With the effect of agreementc)When a new partner is admittedd)Both When all existing partners agreed and With the effect of agreementCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for This a MCQ (Multiple Choice Question) based practice test of Chapter 4- Retirement and Death of a Partner of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ How can a partner get retirement from the partnership firm?a)When all existing partners agreedb)With the effect of agreementc)When a new partner is admittedd)Both When all existing partners agreed and With the effect of agreementCorrect answer is option 'D'. Can you explain this answer?.
Solutions for This a MCQ (Multiple Choice Question) based practice test of Chapter 4- Retirement and Death of a Partner of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ How can a partner get retirement from the partnership firm?a)When all existing partners agreedb)With the effect of agreementc)When a new partner is admittedd)Both When all existing partners agreed and With the effect of agreementCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of This a MCQ (Multiple Choice Question) based practice test of Chapter 4- Retirement and Death of a Partner of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ How can a partner get retirement from the partnership firm?a)When all existing partners agreedb)With the effect of agreementc)When a new partner is admittedd)Both When all existing partners agreed and With the effect of agreementCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of This a MCQ (Multiple Choice Question) based practice test of Chapter 4- Retirement and Death of a Partner of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ How can a partner get retirement from the partnership firm?a)When all existing partners agreedb)With the effect of agreementc)When a new partner is admittedd)Both When all existing partners agreed and With the effect of agreementCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for This a MCQ (Multiple Choice Question) based practice test of Chapter 4- Retirement and Death of a Partner of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ How can a partner get retirement from the partnership firm?a)When all existing partners agreedb)With the effect of agreementc)When a new partner is admittedd)Both When all existing partners agreed and With the effect of agreementCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of This a MCQ (Multiple Choice Question) based practice test of Chapter 4- Retirement and Death of a Partner of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ How can a partner get retirement from the partnership firm?a)When all existing partners agreedb)With the effect of agreementc)When a new partner is admittedd)Both When all existing partners agreed and With the effect of agreementCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice This a MCQ (Multiple Choice Question) based practice test of Chapter 4- Retirement and Death of a Partner of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ How can a partner get retirement from the partnership firm?a)When all existing partners agreedb)With the effect of agreementc)When a new partner is admittedd)Both When all existing partners agreed and With the effect of agreementCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev