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  • CA CPT Accounting Fundamentals
  • The share of goodwill of retiring partner is debited to t...
Multiple choice

The share of goodwill of retiring partner is debited to the remaining partner's capital a/c in

  1. old profit sharing ratio

  2. new profit sharing ratio

  3. sacrificing ratio

  4. gaining ratio

  5. capital ratio

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The share of goodwill of retiring partner is debited to the remaining partner's capital a/c in gaining ratio among the remaining partners.

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