In case of retirement, a retiring partner is entitled to get-

A. Share in profits made by firm after his retirement
B. His share of Goodwill
C. His share in Accumulated Reserve
D. Share in Employees Provident Fund
E. Share in Revaluation Gain

Choose the correct answer from the options given below:

B, C and E only

The correct answer is Option (3) - B, C and E only.

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; and
(viii) salary/commission, if any, due to him up to the date of retirement/death.

* NO SHARE IN PROFIT TO ANY PARTNER AFTER HIS RETIREMENT & EMPLOYEES PROVIDENT FUND IS A LIABILITY OF THE FIRM.