At the time of retirement of partner, firm gets from the insurance company against joint policy taken jointly for all the partners :
A. Policy Amount + Bonus
B. Surrender Value
C. Policy Amount
D. None of these
Answer:B
At the time of retirement of partner, firm gets from the insurance company against joint policy taken jointly for all the partners :
A. Policy Amount + Bonus B. Surrender Value C. Policy Amount D. None of these