Workmen profit sharing fund is recorded as at the time of the retirement of a partner.(A) a liability in new balance sheet.(B) credited to all partners’ capital account in their old profit-loss sharing ratio.(C) debited to all partners’ capital account in their old profit-loss sharing ratio.(D) credited to the retiring partners’ capital account.

Workmen profit sharing fund is recorded as at the time of the retireme

1.	Workmen profit sharing fund is recorded as at the time of the retirement of a partner.(A) a liability in new balance sheet.(B) credited to all partners’ capital account in their old profit-loss sharing ratio.(C) debited to all partners’ capital account in their old profit-loss sharing ratio.(D) credited to the retiring partners’ capital account.
Answer» Correct option is (A) a liability in new balance sheet.