The accounting procedure at the retirement of partner is valued:
A) revaluation of assets and liabilities
B) ascertaining his share of goodwill
C) finding the amount due to him
D) all of above
Correct Answer:
Verified
Q15: In the revaluation account an increase in
Q16: The partnership may come to an end
Q17: In case of retirement of a partner
Q18: Revaluation account is operated to find out
Q19: Partners equity is effected due to:
A)retirement of
Q21: If the remaining partner want to continue
Q22: An account operated to ascertain the loss
Q23: Amount due to outgoing partner is shown
Q24: The loss or gain an account of
Q25: On the retirement of a partner any
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