Accountancy, asked by pavanbcpavanbc53, 4 months ago

mention any two modes of payment on Settlement of retiring partners capital account

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Answered by Anonymous

Answer:

When a partner gets retired, his capital has to be adjusted for goodwill, revaluation of assets, accumulated profits, and liabilities etc. to calculate the final payment amount. Lump-Sum payment: Other partners may settle the retiring partner by an immediate lump sum payment.

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