Assertion (A): Amount due to the retiring partner is always transferred to his loan account.
Assertion (A): Amount due to the retiring partner is always transferred to his loan account.
Reason (R): Amount due to the retiring partner may be paid immediately or later in installments.
Anurag Pathak Changed status to publish July 2, 2023
Ans – d)
Explanation:-
Amount due to the partner may be paid immediately in cash and is transferred to the loan and paid in installments later.
Anurag Pathak Changed status to publish July 2, 2023
