A partner who withdraws from a partnership is always entitled to the balance in his or her Capital account.

Name: A partner who withdraws from a partnership is always entitled to the balance in his or her Capital account.
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Question

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A partner who withdraws from a partnership is entitled to the balance in their Capital account only if the partnership agreement or applicable laws provide for such an entitlement. Otherwise, the terms of withdrawal and settlement must be agreed upon by the remaining partners.

A Partner Who Withdraws from a Partnership Is Always Entitled