The following will not be deducted from the sum due to the retiring partner:

If a partner retires in the middle of the year his/her share of profit from the date of last balance sheet till the date of retirement will be transferred to : ____

When a partner retires in the middle of the year and his share of profit is calculated based on previous years' profit. Which of the following account is to be debited?

K, N and P are partners sharing profits and losses in the ratio of 4 : 3 : 2. N retires and the goodwill is valued at Rs. 72,000. K and P decided to share future profits and losses in the ratio of 5 : 3. Identify the correct journal entry in this scenario.

In the absence of any information, it is assumed that the remaining partners acquire the share of profit of the retiring/deceased partner in:

Alka, Bijoy and Chaman were partners in a firm sharing profits in the ratio of 5:4:1. The profit of the firm for the year ending on March 31, 2025 was Rs. 1,00,000. Bijoy died on June 30, 2025. Alka and Chaman decided to share future profits equally. What will be Bijoy's share of profits from the date of last balance sheet till his date of death if profits have accrued similar to the profits of previous year.

In the event of retirement of partner, following deduction has to be made from his/her share.: