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On retirement, if goodwill is appearing in the Balance Sheet, it will be ______ to ______ partners's capital accounts.

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Question

On retirement, if goodwill is appearing in the Balance Sheet, it will be ______ to ______ partners's capital accounts.

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Solution

On retirement, if goodwill is appearing in the Balance Sheet, it will be debited to all partners's capital accounts.

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Chapter 4: Retirement or Death of a Partner - OBJECTIVE TYPE QUESTIONS [Page 4.158]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 4 Retirement or Death of a Partner
OBJECTIVE TYPE QUESTIONS | Q (C) 12. | Page 4.158
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