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. Share 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. Share of goodwill of remaining partners D. None of these