Question

Select the correct alternative
a)Goodwill at the time of retirement of a partner is credited to the remaining partners capital A/c in the sacrifying ratio
b)Goodwill at the time of retirement of a partner is credited to the remaining partners capital A/c in the gaining ratio
c)Goodwill at the time of retirement of a partner , to the extent of retiring partners share of goodwill is debited to remaining partners capital A/c is credited to retiring partners capital A/c in the gaining ratio​

Answer 1

Answer:

Goodwill at the time of retirement of a partner , to the extent of retiring partners share of goodwill is debited to remaining partners capital A/c is credited to retiring partners capital A/c in the gaining ratio

Explanation:

this is correct statement

Answer 2

Answer:

c)Goodwill at the time of retirement of a partner , to the extent of retiring partners share of goodwill is debited to remaining partners capital A/c is credited to retiring partners capital A/c in the gaining ratio

According to me this should be the correct one...