The retiring partner's account is debited when the sum due to him is paid.

loan

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bank

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capital

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reserve

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Solution

The correct option is C capital
The retiring partner's capital account is debited and bank/cash account is credited as per the mode of payment when the sum due to him is paid.

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Similar questions

Retiring partner`s capital account is ___ when the sum due to him is paid.

When the amount due to retiring partner is paid by cheque, which account is credited?

Which of the following is debited to Partner`s capital account when capitals are fluctuating?

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