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RP
Question Practice

What should be entered if goodwill appears in the books and a partner retires?

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 should be entered if good...

Single Answer MCQ
Q-00082271

What should be entered if goodwill appears in the books and a partner retires?

1

Only debit the retiring partner's account

2

Credit the capital accounts of continuing partners

3

Debit goodwill directly

4

All options are necessary

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

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

Single Answer MCQ
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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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