At the time of retirement of a partner, share of retiring partner’s goodwill will be credited to ---------------- Capital Account(s).
A. Remaining Partner(s)
B. Retiring Partner’s
C. Both Sacrificing and Gaining Partner(s)
D. Gaining Partner(s)
Answer:B
At the time of retirement of a partner, share of retiring partner’s goodwill will be credited to ---------------- Capital Account(s).
A. Remaining Partner(s) B. Retiring Partner’s C. Both Sacrificing and Gaining Partner(s) D. Gaining Partner(s)