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Claim of the retiring partner is payable in the following form.
- a)Fully in cash.
- b)Fully transferred to loan account to be paid later with some interest on it.
- c)Partly in cash and partly as loan repayable later with agreed interest.
- d)Any of the above method
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Claim of the retiring partner is payable in the following form.a)Fully...
Claim of the retiring partner is payable in the following form:
There are several options for the payment of the retiring partner's claim:
A: Fully in cash
- The retiring partner's claim is paid in full with cash.
- This option provides immediate liquidity to the retiring partner.
B: Fully transferred to loan account to be paid later with some interest on it
- The retiring partner's claim is transferred to a loan account.
- The payment is deferred and the retiring partner will receive the amount with interest at a later date.
- This option allows for flexibility in managing the cash flow of the partnership.
C: Partly in cash and partly as loan repayable later with agreed interest
- The retiring partner's claim is divided into two parts.
- A portion is paid in cash immediately, while the remaining amount is transferred to a loan account to be repaid later with interest.
- This option provides both immediate liquidity and the opportunity to earn interest on the remaining amount.
D: Any of the above methods
- The retiring partner's claim can be paid using any combination of the above methods.
- The specific payment method can be determined through negotiation and agreement between the retiring partner and the remaining partners.
In conclusion, the retiring partner's claim can be paid in various forms, including full cash payment, transfer to a loan account, or a combination of cash and loan repayment. The choice of payment method depends on factors such as liquidity needs, cash flow management, and agreement between the partners.
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There are several options for the payment of the retiring partner's claim:
A: Fully in cash
- The retiring partner's claim is paid in full with cash.
- This option provides immediate liquidity to the retiring partner.
B: Fully transferred to loan account to be paid later with some interest on it
- The retiring partner's claim is transferred to a loan account.
- The payment is deferred and the retiring partner will receive the amount with interest at a later date.
- This option allows for flexibility in managing the cash flow of the partnership.
C: Partly in cash and partly as loan repayable later with agreed interest
- The retiring partner's claim is divided into two parts.
- A portion is paid in cash immediately, while the remaining amount is transferred to a loan account to be repaid later with interest.
- This option provides both immediate liquidity and the opportunity to earn interest on the remaining amount.
D: Any of the above methods
- The retiring partner's claim can be paid using any combination of the above methods.
- The specific payment method can be determined through negotiation and agreement between the retiring partner and the remaining partners.
In conclusion, the retiring partner's claim can be paid in various forms, including full cash payment, transfer to a loan account, or a combination of cash and loan repayment. The choice of payment method depends on factors such as liquidity needs, cash flow management, and agreement between the partners.
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Claim of the retiring partner is payable in the following form.a)Fully...
Retiring Partner Claim Payment Methods
Fully in cash:
- The retiring partner's claim can be settled entirely in cash, where the remaining partners pay the retiring partner their share of the partnership assets in cash.
Fully transferred to loan account:
- The retiring partner's claim can be fully transferred to a loan account, which can be paid off later by the remaining partners with an agreed-upon interest rate. This allows the remaining partners to manage their cash flow better.
Partly in cash and partly as a loan:
- Another option is to settle the retiring partner's claim partly in cash and partly as a loan repayable later with an agreed interest rate. This provides a balance between immediate cash payment and long-term financial commitment.
Any of the above method:
- Ultimately, the method of payment for the retiring partner's claim can be determined based on the agreement between the partners. They can choose any combination of cash payment, loan transfer, or a mix of both to settle the retiring partner's claim effectively.
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Claim of the retiring partner is payable in the following form.a)Fully in cash.b)Fully transferred to loan account to be paid later with some interest on it.c)Partly in cash and partly as loan repayable later with agreed interest.d)Any of the above methodCorrect answer is option 'D'. Can you explain this answer?
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Claim of the retiring partner is payable in the following form.a)Fully in cash.b)Fully transferred to loan account to be paid later with some interest on it.c)Partly in cash and partly as loan repayable later with agreed interest.d)Any of the above methodCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Claim of the retiring partner is payable in the following form.a)Fully in cash.b)Fully transferred to loan account to be paid later with some interest on it.c)Partly in cash and partly as loan repayable later with agreed interest.d)Any of the above methodCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Claim of the retiring partner is payable in the following form.a)Fully in cash.b)Fully transferred to loan account to be paid later with some interest on it.c)Partly in cash and partly as loan repayable later with agreed interest.d)Any of the above methodCorrect answer is option 'D'. Can you explain this answer?.
Claim of the retiring partner is payable in the following form.a)Fully in cash.b)Fully transferred to loan account to be paid later with some interest on it.c)Partly in cash and partly as loan repayable later with agreed interest.d)Any of the above methodCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Claim of the retiring partner is payable in the following form.a)Fully in cash.b)Fully transferred to loan account to be paid later with some interest on it.c)Partly in cash and partly as loan repayable later with agreed interest.d)Any of the above methodCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Claim of the retiring partner is payable in the following form.a)Fully in cash.b)Fully transferred to loan account to be paid later with some interest on it.c)Partly in cash and partly as loan repayable later with agreed interest.d)Any of the above methodCorrect answer is option 'D'. Can you explain this answer?.
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Claim of the retiring partner is payable in the following form.a)Fully in cash.b)Fully transferred to loan account to be paid later with some interest on it.c)Partly in cash and partly as loan repayable later with agreed interest.d)Any of the above methodCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Claim of the retiring partner is payable in the following form.a)Fully in cash.b)Fully transferred to loan account to be paid later with some interest on it.c)Partly in cash and partly as loan repayable later with agreed interest.d)Any of the above methodCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Claim of the retiring partner is payable in the following form.a)Fully in cash.b)Fully transferred to loan account to be paid later with some interest on it.c)Partly in cash and partly as loan repayable later with agreed interest.d)Any of the above methodCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Claim of the retiring partner is payable in the following form.a)Fully in cash.b)Fully transferred to loan account to be paid later with some interest on it.c)Partly in cash and partly as loan repayable later with agreed interest.d)Any of the above methodCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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