Arrange the steps in order at the time of retirement of a partner.
A. Transfer of retired partner share of profit.
B. Calculation of goodwill.
C. Settlement of retiring partner capital.
D. Revaluation of assets & liabilities
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → B, D, A, C
On the retirement of a partner, the adjustments are made in this order:
B. Calculation of goodwill
D. Revaluation of assets and liabilities
A. Transfer of the retiring partner’s share of profit
C. Settlement of the retiring partner’s capital
NCERT (2026-27 edition):
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