Retiring partner share of Goodwill is de

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Target Exam

CUET

Subject

Accountancy

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

Retiring partner share of Goodwill is debited to the capital accounts of the remaining partners in which ratio?

Options:

Capital ratio

Gaining ratio

New profit sharing ratio

None of the above

Correct Answer:

Gaining ratio

Explanation:

Retiring partner's share of Goodwill is debited to the capital accounts of the remaining partners in their gaining ratio.