Question

Wₕₐₜ ₐᵣₑ ₐdⱼᵤₛₜₘₑₙₜₛ ᵣₑqᵤᵢᵣₑd ₜₒ bₑ ₘₐdₑ ₐₜ ₜᵢₘₑ ₒf ᵣₑₜᵢᵣₑₘₑₙₜ ₒf ₐ ₚₐᵣₜₙₑᵣ❓❓​

Answer 1

hi mate ...☺️☺️

here is your answer ☺️☺️

there is some adjustments required to be made at the time of retirement of a partner ☺️☺️......

1 . treatment of goodwill

2. Accounting treatment for revaluation of assets and liabilities

3. Accounting treatment of reserves, accumulated profits and losses.

4. payment to retiring partner .

5. Adjustment of capital in proportion to profit sharing ratios.

☺️☺️may be helpful....

☺️☺️✌️

Answer 2

Answer:

Wₕₐₜ ₐᵣₑ ₐdⱼᵤₛₜₘₑₙₜₛ ᵣₑqᵤᵢᵣₑd ₜₒ bₑ ₘₐdₑ ₐₜ ₜᵢₘₑ ₒf ᵣₑₜᵢᵣₑₘₑₙₜ ₒf ₐ ₚₐᵣₜₙₑᵣ❓❓

hi mate ...☺️☺️

• here is your answer ☺️☺️

there is some adjustments required to be made at the time of retirement of a partner ☺️☺️......

1 . treatment of goodwill

2. Accounting treatment for revaluation of assets and liabilities

3. Accounting treatment of reserves, accumulated profits and losses.