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)
B Only (i) and (ii)
C Only (i), (ii) and (iv)
D Only (i), (iii) and (iv)
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)