Advertisements
Advertisements
Question
State Whether the following Statement is True or False:
Goodwill is given to the retiring partner in capital ratio.
True or False
Advertisements
Solution
The statement is false.
Explanation:
Goodwill is given to the retiring partner based on his share of goodwill, and the compensation is borne by the continuing partners in their gaining ratio, not the capital ratio.
shaalaa.com
Is there an error in this question or solution?
