Which of the following step is done at the last at the time of retirement of partner?

Transferring balance to Retiring partner's Loan Account

The correct answer is option 4- Transferring balance to Retiring partner's Loan Account.

Transferring balance to Retiring partner's Loan Account is done at the last at the time of retirement of partner from the firm.

After the capital account is prepared by the partnership firm, the deceased partner capital balance is transferred to the executor account in case of death and to loan account in case of retirement.