Which of the following is deducted from the retiring partner's share?

Debit balance of the partner's current account Partner's share of revalued assets Partner's share of accumulated profits Partner's share of profit up to the date of retirement/death

Debit balance of the partner's current account

If the retiring partner has a debit balance in their current account, it means that the partnership owes them money based on the non-capital transactions recorded in the current account. This debit balance is deducted from the retiring partner's entitlement when calculating the final amount due to them.