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Question Practice

What happens to existing partners' capital accounts when they decide to withdraw their share of goodwill partially?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

What happens to existing partn...

Single Answer MCQ
Q-00082130

What happens to existing partners' capital accounts when they decide to withdraw their share of goodwill partially?

1

They are debited for the total goodwill amount.

2

They are credited only for the percentage withdrawn.

3

They remain unchanged.

4

They are increased by the total amount of goodwill.

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