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Commerce · Q2375

Accounting

Graduate and Post Graduate · Commerce · question 2375

Q2375

If the goodwill A/c is raised at the time of retirement of a partner and 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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