CUET Preparation Today
Ram, Karan and Shyam are partners. On retirement of Ram, the goodwill already appears in the Balance Sheet at Rs. 32,000. The goodwill will be written-off: |
By debiting the capital accounts of Ram, Karan and Shyam in their old profit sharing ratio By debiting the capital accounts of Karan and Shyam in their new profit sharing ratio By debiting the capital account of Ram from his share of goodwill By debiting the capital accounts of Karan and Shyam in their old profit sharing ratio |
By debiting the capital accounts of Ram, Karan and Shyam in their old profit sharing ratio |
The correct answer is Option (1) → By debiting the capital accounts of Ram, Karan and Shyam in their old profit sharing ratio |
