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At the time of retirement, if nothing is mentioned about the payment made due to him, in which account, the amount will be transferred: - Accounts

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Question

At the time of retirement, if nothing is mentioned about the payment made due to him, in which account, the amount will be transferred:

Options

  • Retiring Partners Current A/c

  • Retiring Partners Capital A/c

  • Retiring Partners Loan A/c

  • Retiring Partners Bank A/c

MCQ
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Solution

Retiring Partners Loan A/c

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Chapter 4: Retirement or Death of a Partner - OBJECTIVE TYPE QUESTIONS [Page 4.199]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 4 Retirement or Death of a Partner
OBJECTIVE TYPE QUESTIONS | Q 56. | Page 4.199
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