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Question
On retirement/death of a partner, the retiring/deceased partner's capital account will be credited with ______
Options
His/her share of goodwill.
Goodwill of the firm.
Shares of goodwill of remaining partners.
None of these.
MCQ
Fill in the Blanks
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Solution
On retirement/death of a partner, the retiring/deceased partner's capital account will be credited with His/her share of goodwill.
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