0 votes
107 views
in Accountancy by (98.9k points)
edited
How goodwill is recorded on the retirement of a partner?

(A) Remaining Partner’s Capital A/cs Dr. (In Gaining Ratio) To Retiring Partner’s Capital A/c (with his share of goodwill)
(B) Remaining Partner’s Capital A/cs Dr. (In New Ratio) To Retiring Partner’s Capital A/c (with his share of goodwill)
(C) Goodwill A/c Dr. To All Partner’s Capital A/cs (In Old Ratio)
(D) Goodwill A/c Dr. To Retiring Partner’s Capital A/c (with his share)

1 Answer

0 votes
by (98.9k points)
edited
(A) Remaining Partner’s Capital A/cs Dr. (In Gaining Ratio) To Retiring Partner’s Capital A/c (with his share of goodwill)

Related questions

0 votes
1 answer 112 views
0 votes
1 answer 148 views
0 votes
1 answer 99 views
0 votes
1 answer 103 views

Doubtly is an online community for engineering students, offering:

  • Free viva questions PDFs
  • Previous year question papers (PYQs)
  • Academic doubt solutions
  • Expert-guided solutions

Get the pro version for free by logging in!

5.7k questions

5.1k answers

108 comments

563 users

...