send mail to email@example.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
Please verify your mobile number
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Refer & Earn
My Abhipedia Earning
Kindly Login to view your earning
Type your modal answer and submitt for approval
Partnership Deed of C and D, who are equal partners, has a clause that any partner may retire from the firm on the following terms by giving a six-month notice in writing: The retiring partner shall be paid−
a the amount standing to the credit of his Capital Account and Current Account.
b his share of profit to the date of retirement, calculated on the basis of the average profit of the three preceding completed years.
c half the amount of the goodwill of the firm calculated at 11/2 times the average profit of the three preceding completed years.
C gave a notice on 31st March, 2017 to retire on 30th September, 2017, when the balance of his Capital Account was 6,000 and his Current Account Dr. 500. Profits for the three preceding completed years ended 31st March, were: 2015 − 2,800; 2016 − 2,200 and 2017 − 1,600. What amount is due to C as per the partnership agreement?
By: Aman ProfileResourcesReport error
Access to prime resources