In the case of retirement of a partner, the item to be deducted from partner's capital account is.......

Share of accumulated loss

The correct answer is option 4- Share of accumulated loss.

Share of accumulated loss is deducted as it decreases the capital balance of partners account.

The sum due to the retiring partner (in case of retirement) and to the legal representatives/ executors (in case of death) includes:
(i) credit balance of his capital account
(ii) credit balance of his current account (if any)
(iii) his share of goodwill
(iv) his share of accumulated profits (reserves)
(v) his share in the gain of revaluation of assets and liabilities
(vi) his share of profits up to the date of retirement/death
(vii) interest on his capital, if involved, up to the date of retirement/death
(viii) salary/commission, if any, due to him up to the date of retirement/death.

The following deductions, if any, may have to be made from his share:
(i) debit balance of his current account (if any)
(ii) his share of goodwill to be written off, if necessary
(iii) his share of accumulated losses
(iv) his share of loss on revaluation of assets and liabilities
(v) his share of loss up to the date of retirement/death
(vi) his drawings up to the date of retirement/death
(vii) interest on drawings, if involved, up to the date of retirement/death.