Question

The method under which amount payable to the retiring partner is paid off at a time. Answer in a word / phrase / term.

Answer 1

Hey mate✌️✌️


The method under which amount payable to the retiring partner is paid off at a time⤵️⤵️⤵️


Lump sum method.

Answer 2

The method under which the 'amount payable' to the retiring partner is paid off at a time is the Lump-sum method.

Explanation:

• Lump-Sum Method’ means a procedure of repaying in which money payment is equal to the total accommodation that will be made to a consumer.
• Lump-sum payments of bonus amounts are more economical because they yield a greater number of re enlistments and longer average obligated service than the same bonus amount paid in some deferred fashion.