At the time of retirement of a partner, firm gets…….from the insurance company against the joint life policy.
A. Policy value for the retiring partner and surrender value for the rest
B. Surrender value
C. Policy amount
D. None of these
Answer:B
At the time of retirement of a partner, firm gets…….from the insurance company against the joint life policy.
A. Policy value for the retiring partner and surrender value for the rest B. Surrender value C. Policy amount D. None of these