CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

Gaining partners capital accounts are debited in the ____________ ratio to give effect to treatment of goodwill.



Your Answer
A

None of the above

Your Answer
B

Old Ratio

Correct Answer
C

Gaining Ratio

Your Answer
D

Sacrificing ratio


Solution

The correct option is C

Gaining Ratio


Gaining partners capital accounts are debited in the new profit sharing ratio to give effect to treatment of goodwill.

flag
 Suggest corrections
thumbs-up
 
0 Upvotes


Similar questions
View More


People also searched for
View More



footer-image