When goodwill existing in the books is written off at the time of admission of a partner, it is transferred to Partners ‘ capital Accounts in their
A. Old profit sharing ratio
B. New profit sharing ratio
C. Sacrificing ratio
D. Gaining ratio
Answer:A
When goodwill existing in the books is written off at the time of admission of a partner, it is transferred to Partners ‘ capital Accounts in their
A. Old profit sharing ratio B. New profit sharing ratio C. Sacrificing ratio D. Gaining ratio