Sacrificing ratio is calculated because:
A. Profit shown by Revaluation Account can be credited to sacrificing partners
B. Goodwill brought in by the incoming partner can be credited to the new partner
C. Goodwill brought in by the incoming partner can be credited to the sacrificing partners
D. Both a and c
Answer:C
Sacrificing ratio is calculated because:
A. Profit shown by Revaluation Account can be credited to sacrificing partners B. Goodwill brought in by the incoming partner can be credited to the new partner C. Goodwill brought in by the incoming partner can be credited to the sacrificing partners D. Both a and c