Practice

Questions

Pick a topic and practice with clear explanations.

CUET

Q6. Gobind, Hari and Pratap are partners. On the retirement of Gobind, the goodwill already appears in the books at ₹24,000. The goodwill will be written off (a) By debiting all the partner capital account in old profit-sharing ratio (b) By debiting remaining partner capital amount in the new profit-sharing ratio (c) By debiting retiring partner's capital account from his share of Goodwill (d) By crediting all partner's capital account in their old profit-sharing ratio