Chapter: Reconstitution of Partnership (Retirement of Partner)· Book-Keeping & Accountancy

The balance of Capital Account of a retired partner is transferred to his _____ Account, if it is not paid.

Q.1 (C) (4) The balance of Capital Account of a retired partner is transferred to his _____ Account, if it is not paid.

A. Loan

B. Personal

C. Current

D. Son’s

Doubtly Asked 29 Oct 2026 Board exam · March 2024 hsc 12th Save WhatsApp Report

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Answer: A. Loan

Answer: (a) Loan

If the amount due to the retiring partner is not paid immediately, his Capital Account is closed by transferring the balance to his Loan Account, shown as a liability in the new balance sheet.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report

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The balance of Capital Account of a retired partner is transferred to his _____ Account, if it is not paid.

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