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    Question

    The retiring partner becomes entitled to get back his

    dues from the firm that consist of: (i) the balance of his capital and current account at the time of retirement (ii) the share of goodwill, undistributed profit or loss, reserves and profit or loss on revaluation of assets and liabilities (iii) the salary, commission, interest on capital, if any and all other dues till the date of retirement (iv) any adjustment in drawings and interest thereon
    A (i), (ii), (iii) and (iv) Correct Answer Incorrect Answer
    B Only (i) and (ii) Correct Answer Incorrect Answer
    C Only (i), (ii) and (iv) Correct Answer Incorrect Answer
    D Only (i), (iii) and (iv) Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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