Accountancy, asked by afsharayeen64816, 6 months ago

how is the amount due to retiring partner cslculated? explain in breif​

Answers

Answered by Adybro
3

Answer:

The amount due to the retiring partner from the partnership firm is the balance of his capital account after making adjustments for goodwill, accumulated profits and losses, profit or loss on revaluation, remuneration due, etc.

Explanation:

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