What is not included in the sum due to the retiring partner?

Share of remaining partners in profits

Correct answer: Option (4) → Share of remaining partners in profits

Concept: Ascertaining the amount due to a retiring partner, per Reconstitution of a Partnership Firm – Retirement/Death of a Partner.

The sum due to a retiring partner includes the credit balance of his capital and current accounts, his share of goodwill, his share of accumulated profits/reserves, his share of the gain on revaluation, his share of profit up to the date of retirement, plus interest on capital and any salary/commission. The “share of the remaining partners in profits” belongs to the continuing partners, not to the retiring partner, so it is NOT part of his dues. Hence Option (4).