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On retirement of a partner, the retiring partner’s capital account will be credited with _______.
  • a)
    His/her share of Goodwill
  • b)
    Good will of the firm
  • c)
    Share of Good will Remaining Partners
  • d)
    His/her share of Goodwill and share of Goodwillof Remaining Partners
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
On retirement of a partner, the retiring partner’s capital accou...
Retiring partner will take his share of goodwill.
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On retirement of a partner, the retiring partner’s capital account will be credited with _______.a)His/her share of Goodwillb)Good will of the firmc)Share of Good will Remaining Partnersd)His/her share of Goodwill and share of Goodwillof Remaining PartnersCorrect answer is option 'A'. Can you explain this answer?
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On retirement of a partner, the retiring partner’s capital account will be credited with _______.a)His/her share of Goodwillb)Good will of the firmc)Share of Good will Remaining Partnersd)His/her share of Goodwill and share of Goodwillof Remaining PartnersCorrect answer is option 'A'. Can you explain this answer? for Humanities/Arts 2025 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about On retirement of a partner, the retiring partner’s capital account will be credited with _______.a)His/her share of Goodwillb)Good will of the firmc)Share of Good will Remaining Partnersd)His/her share of Goodwill and share of Goodwillof Remaining PartnersCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On retirement of a partner, the retiring partner’s capital account will be credited with _______.a)His/her share of Goodwillb)Good will of the firmc)Share of Good will Remaining Partnersd)His/her share of Goodwill and share of Goodwillof Remaining PartnersCorrect answer is option 'A'. Can you explain this answer?.
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