Decrease in capital will be shown on _______ side of capital account.
Credit
Debit
A or B
None of these
Decrease in capital will be shown on debit side of capital account.
If the value of goodwill is Rs. 3,00,000. The PSR of A, B and C is 1:1:1. A retires and new profit sharing ratio is 1:1. B and C Capital accounts will be debited with what amount?