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At the time of retirement of a partner, credit balance of profit and loss
Accountancy
Retirement / Death of a Partner
Question
Updated
19 Aug 2026
At the time of retirement of a partner, credit balance of profit and loss account shown in balance sheet is shown in …………………
A
Choose Your Answer
A
Capital accounts of all partners, on credit side, in old profit and loss ratio
B
Capital accounts of all partners, on debit side, in old profit and loss ratio
C
Capital account of retiring partner, on credit side
D
Capital account of continuing partners on debit side, in their gain ratio
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