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Commerce · Q1837

Accounting

Graduate and Post Graduate · Commerce · question 1837

Q1837

On retirement or death of a partner, the retired or deceased partner's capital account will be credited with

A.
His share of goodwill
Answer
B.
Goodwill of the firm
C.
Share of the goodwill of remaining partners
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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