Which of the following account is not related to the accounting treatment at the time of retirement of a partner from the partnership firm?

A) Capital A/c
B) Balance sheet
C) Executor A/c
D) Revaluation A/c

C only

The correct answer is option 1- C only.

A) Capital A/c- This account is made to know the capital balance of partners.

B) Balance sheet- This statement is made to know the financial position of the firm.

C) Executor A/c- Executor A/c is not made at the time of retirement of a partner but it is made at the time of death of the partner to transfer the balance of the deceased partner from his capital account.

D) Revaluation A/c- Revaluation account is made to reassess the assets and liabilities of the firm at the time of both retirement and death of the partner.