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Question

In case of retirement of a partner, the partner's loan account would be shown ________.

A
in his capital account
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B
in his wife's loan account
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C
in his loan account
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D
in the total amount due to him
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Solution

The correct option is D in the total amount due to him
At the time of retirement of a partners, all dues pertaining to him to be clubbed together. Hence any loan is due, this has to be shown in the total amount due to him.

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