Nita, Suman and Harish were partners in a firm sharing profits in the ratio of 3:2:1. Suman retired from the firm. On the date of Suman's retirement, ₹ 30,000 was due to her. The remaining partners decided to pay her in three yearly instalments starting from the end of the first year. * ₹ 30,000 will be transferred to which of the following account :
A. Suman's Loan Account
B. Suman's Executor's Accounts
C. Suman's Bank Account
D. Suman's Current Account
Answer:A
Nita, Suman and Harish were partners in a firm sharing profits in the ratio of 3:2:1. Suman retired from the firm. On the date of Suman's retirement, ₹ 30,000 was due to her. The remaining partners decided to pay her in three yearly instalments starting from the end of the first year. * ₹ 30,000 will be transferred to which of the following account :
A. Suman's Loan Account B. Suman's Executor's Accounts C. Suman's Bank Account D. Suman's Current Account