CUET Accountancy - The major difference between Retirement and Death is | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 2

Partnership

Easy

common

Retirement normally takes place at the end of an accounting period, and the death of a partner may occur at any time.

Retirement always takes place at the end of the year, whereas Death Always takes Place in beginning of the year

Retirement always takes place in beginning of the year, whereas Death Always takes Place at the end of the year

Retirement normally takes place at the end of an accounting period, and the death of a partner takes place at the beginning of the year.

✅ Correct Option: 1

CUET Accountancy 2025 22 May Shift 2 PYQs