State any two items of deduction ,other the drawings that may have to be deducted from the amount payable to - Accountancy - Reconstitution- Retirement/Death of a Partner

Question

State any two items of deduction ,other the drawings that may have
to be deducted from the amount payable to a retiring partner ?

Komal Rani · Accepted Answer

Dear Student
Items that can be deducted from Retiring partner's A/c

Loss on revaluation
Goodwill to be Written off
Any asset taken over by partner
Interest on drawings
Partner''s Loan A/c
deferred expenses A/c

Regards

State any two items of deduction ,other the drawings that may have to be deducted from the amount payable to a retiring partner ?