VIJAYNARAYAN (FREELANCE EDU CONSULTANT) 21 July 2010
SETTLEMENT ON RETIREMENT OF PARTNER
ON RETIREMENT OF PARTNER FROM PARTNERSHIP FIRM THE RETIRING PARTNER IS ENTITLED TO HIS SHARE IN PROFITS ( AS PER BL OF THAT YEAR )+ HIS SHARE OF ASSETS ( MONETISED ) + ANY GOODWILL
I WELCOME COMMENTS ON MY UNDERSTANDING
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