Question : At the time of the death of a partner If goodwill already appears in the balance sheet of a firm, it will be--------
Option 1: Raised
Option 2: Written off in New partners
Option 3: Written off in old partners
Option 4: None of the above
Correct Answer: Written off in old partners
Solution : Answer = Written off in old partners
Written off in old Partners
Old Partners Capital A/C Dr. To Goodwill A/c [Old Ratio ....] Hence, the correct option is 3.
Question : At the time of admission of a new partner:
Question : At the time of admission of a partner, Employees Provident Fund is:
Question : At the time of reconstruction of a partnership due to admission of a new partner, the balance of the Workmen Compensation Reserve will be transferred to:
Question : On retirement of a partner,
Question : Upon partner retirement,Goodwill will be credited to the capital account of -
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