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Commerce · Q2811

Accounting

Graduate and Post Graduate · Commerce · question 2811

Q2811

If the good will raised at the time of retirement of a partner is to be written off, then the capital accounts of the remaining partners are debited in:

A.
New profit sharing ratio
B.
Capital ratio
C.
Old profit sharing ratio
Answer
D.
Sacrificing ratio

Answer: Option C

Solution

Answer: Option C
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