Q542
In cases, where there is an agreement to purchase the share of a partner, the value of the share of the outgoing partner or retiring partner shall be ascertained on the basis of
A.
Value of share on the date of retirement
AnswerB.
Value of share on the date of admission of the retiring partner
C.
Value on the date of commencement of the partnership business
D.
None of above
Answer: Option A
Solution
Answer: Option A
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