Which aspect is not involved in the accounting treatment on retirement or death of a partner?

Treatment of goodwill Revaluation of assets and liabilities Adjustment of unrecorded assets and liabilities None of the above

None of the above

When a partner retires or passes away, various accounting treatments are involved to ensure a smooth transition in the partnership. These treatments include aspects such as the treatment of goodwill, revaluation of assets and liabilities, and adjustment of unrecorded assets and liabilities.