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.
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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.
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