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 thereonSolution
The correct answer is A
More Accounts Questions
A device that helps to prevent congestion and data collision?
Which type of memory can be both read from and written to by the processor?
State true/false
Trojan works in background and steal data which is sensitive
In the context of backups, what is a retention policy?
Which property distinguishes a B+ tree from a B-tree?
Which network topology requires the highest amount of cabling?
Which of the following is lowest in memory hierarchy?
Which network layer protocol is responsible for multicasting, where a packet is sent to multiple destinations simultaneously?
What is a blockchain?
In which protocol of email the changes made on one device will not be replicated on other?
