At the time of retirement of a partner, determination of gaining ratio is required
A. To transfer revaluation profit or loss
B. To distribute accumulated profits and losses .
C. To adjust goodwill
D. None of these
Answer:C
At the time of retirement of a partner, determination of gaining ratio is required
A. To transfer revaluation profit or loss B. To distribute accumulated profits and losses . C. To adjust goodwill D. None of these