On retirement of a partner, the retiring partner’s capital account will be credited with :
A. His/her share of goodwill
B. Goodwill of the firm
C. Shares of goodwill of remaining partners
D. None of these
Answer:A
On retirement of a partner, the retiring partner’s capital account will be credited with :
A. His/her share of goodwill B. Goodwill of the firm C. Shares of goodwill of remaining partners D. None of these