Question:
On retirement of a partner, the retiring partner's capital account will be credited with ______
On retirement of a partner, the retiring partner's capital account will be credited with ______
Updated On: May 16, 2024
- His/her share of Goodwill
- Good will of the firm
- Share of Good will of Remaining Partners
- His/her share of Goodwill and share of Goodwill of Remaining Partners
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The Correct Option is A
Solution and Explanation
The correct option is (A): His/her share of Goodwill
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