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RP
Question Practice

When a partner retires, what happens to their share of goodwill?

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

When a partner retires, what h...

Single Answer MCQ
Q-00082223

When a partner retires, what happens to their share of goodwill?

1

It is shared equally by remaining partners

2

It is written off

3

It stays with the retired partner

4

It is paid in full to the retired partner

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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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