Business Studies, asked by Vanu143, 7 months ago

while retiring a partner good will value is credited to the capital a/c of

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Answered by mdniaz9193
1

Answer:

By debiting the Goodwill Account and crediting all the partner's (including the retired/deceased partner) capital accounts in the old profit sharing ratio. The full value of goodwill will appear on the balance sheet of the reconstituted firm.

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