a partner in a partnership firm withdrew Rs. 2,000 at the end of each quarter. For
how many months would interest on drawings be charged?
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Treatment of Goodwill:
Goodwill of the firm is valued in the manner prescribed by the partnership deed. ... The retiring partner's capital account is credited with his share of goodwill and the amount is debited to the remaining partners' capital accounts in the ratio of their gain.
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