Accountancy, asked by divyanshpawar146, 4 months ago

explain the procedure of finding out the total amount due to be paid to a retiring partner​

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Answered by saniyajose08
0

Answer:

The firm is obliged to make payment to the retiring partners of the firm due to him at the time of retirement. The total amount so calculated will be transferred to retiring partner's loan account by debiting the retiring partner's capital account.

Explanation:

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