CUET Preparation Today
Which of the following is not considered in the sum due to the retiring partner or legal representatives? |
Salary/commission due to the retiring partner Debit balance of the retiring partner's current account Loss made by the retiring partner in the share market Share of profit up to the date of retirement/death |
Loss made by the retiring partner in the share market |
Loss in the share market is the personal loss of the partner. That's why it is NOT considered by the partnership firm for calculating his due amount. |
