Advertisements
Advertisements
Question
How is goodwill treated when there is a change in the profit sharing ratio?
Options
The gaining partners give the amount of goodwill to the sacrificing partner.
The gaining partners give a proportionate amount of goodwill to the sacrificing partner.
The sacrificing partner gives the amount of goodwill to the gaining partner.
The sacrificing partner gives the proportionate amount of goodwill to the gaining partner.
MCQ
Solution
The gaining partners give a proportionate amount of goodwill to the sacrificing partner.
shaalaa.com
Change in Profit Sharing Ratio Among the Existing Partners
Is there an error in this question or solution?