Q493
The retiring partner, is bound to make the election as to whether he would claim a share of the profits or interest on the unpaid capital
A.
On the date he retires from the partnership
B.
At any time before the share of profits and assets that would fall to him is ascertained
C.
At the time when the share of profits and assets that would fall to his share is ascertained
AnswerD.
Only (A) and not (B) or (C)
Answer: Option C
Solution
Answer: Option C
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