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RP
Question Practice

If goodwill is to be written off when a partner retires, what is the effect on remaining partners' capital accounts?

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

If goodwill is to be written o...

Single Answer MCQ
Q-00082217

If goodwill is to be written off when a partner retires, what is the effect on remaining partners' capital accounts?

1

Their capital accounts increase.

2

Their capital accounts decrease.

3

There is no effect.

4

It changes ratio immediately.

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Q1.

What are the different ways in which a partner can retire from a firm?

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Q2.

Explain the treatment of goodwill at the time of retirement or on the event of death of a partner.

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Q3.

How will you compute the amount payable to a deceased partner?

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Q4.

Discuss the various methods of computing the share in profits in the event of death of a partner.

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