In the case of retirement of a partner, the item to be deducted from partner's capital account is:
- AInterest on capital.
- BProfit on revaluation.
- CShare of general reserve.
- DShare of accumulated loss.
Solution & Step-by-step Explanation
Items that reduce a partner's capital balance are debited (deducted from) their capital account. Out of the choices given, interest on capital, profit on revaluation, and share of general reserve increase the capital account balance (credited), whereas a share of accumulated losses decreases it (debited).