Question

A retiring partner is entitled to ___________.

• A. share of goodwill
• B. share in the revaluation of assets and liabilities, accumulated profit and loss
• C. balance in his capital / current account
• D. all of the above

Answer 1

The correct option is D all of the above

if partners are retire they get some benefit to share profit and loss according to their ratio and also take in part of assets and liabilities .