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
Answer (1)
22nd Jan, 2024
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.
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