On the retirement of a partner any accumulated profit should be credited to the capital accounts of:
A. All partners in old profit-sharing ratio
B. Remaining partners in new profit-sharing ratio
C. Retiring partner only in his share
D. None of these
Answer:A
On the retirement of a partner any accumulated profit should be credited to the capital accounts of:
A. All partners in old profit-sharing ratio B. Remaining partners in new profit-sharing ratio C. Retiring partner only in his share D. None of these