If the final amount due to a retiring partner is not paid immediately, it is transferred to ________.
A. Bank A/c
B. Retiring partner’s capital A/c
C. Retiring partner’s loan A/c
D. Other partner’s capital A/c
Answer:C
If the final amount due to a retiring partner is not paid immediately, it is transferred to ________.
A. Bank A/c B. Retiring partner’s capital A/c C. Retiring partner’s loan A/c D. Other partner’s capital A/c