Question

Do you agree or disagree with the following statement:
Retiring partner is called an outgoing partner.

Hint:

The term 'outgoing partner' refers to a partner who is retiring or leaving the partnership.

Answer 1

Step 1: Understand the term 'Retiring Partner.'
A retiring partner is a partner who decides to leave the partnership, either by choice or by the terms of the partnership agreement.

Step 2: Evaluate the statement.
The retiring partner is commonly referred to as the outgoing partner, as they are exiting the partnership.

Step 3: Conclusion.
Thus, the statement that a retiring partner is called an outgoing partner is correct, and I agree with it.

Final Answer: \[ \boxed{Agree} \]