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Question
As per ______ of the Indian Partnership Act, a retiring partner becomes entitled to profits after retirement if his dues remain unpaid.
Options
Section 73
Section 26
Section 4
Section 37
MCQ
Fill in the Blanks
Solution
As per Section 37 of the Indian Partnership Act, a retiring partner becomes entitled to profits after retirement if his dues remain unpaid.
Explanation:
A departing partner is entitled to earnings after retirement if his dues are not paid, according to Section 37 of the Indian Partnership Act.
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Retirement or Death of a Partner - Adjustment of Accumulated Profits and Losses
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