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What are the different conditions of …

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What are the different conditions of capital adjustment during retirement of a partner?

    • Posted by Geetam Kabra 6 years, 4 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Sia ? 6 years, 4 months ago

    At the time of the retirement or death of a partner, adjustments are made for the following:

    1. Adjustment in regard to goodwill.
    2. Adjustment in regard to undistributed profits and losses.
    3. Adjustment in regard to the Joint Life Policy and individual policies.
    4. Adjustment in regard to revaluation of assets and reassessment of liabilities.

    2Thank You

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