Question

The claim of the retiring partner is payable in which of the following form(s)?

• A. Any of the above method
• B. Partly in cash and partly as loan repayable later with agreed interest.
• C. Fully transferred to loan account to be paid later with some interest on it.
• D. Fully in cash.

Answer 1

The correct option is A

Any of the above method

The claim of the retiring partner is payable in the following form :

• Fully in cash.
• Fully transferred to loan account to be paid later with some interest on it.
• Partly in cash and partly as loan repayable later with agreed interest.