Goodwill is written off by debiting all the partners’ capital account in the ___

None of the above

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Old Ratio

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Gaining Ratio

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Sacrificing ratio

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Solution

The correct option is B
Old Ratio

Goodwill is written off by debiting all the partners’ capital account in the old ratio.

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Similar questions

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?

The sacrificing partner’s capital account is debited with his/her share of goodwill and gaining partner’s capital account is credited in their gaining ratio.

Q. When required amount for premium for goodwill is not brought in by new partner, goodwill account is raised in the books of the firm by debiting goodwill account and crediting partners capital account in old profit sharing ratio and written off in ______ if it agreed not show goodwill in the books of the firm OR ALTERNATIVELY premium for goodwill should be adjusted through partners capital account by debiting new partners share of goodwill to his account and crediting old partners capital accounts in _________.

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Q. Goodwill already appearing in the books is written off by debiting all the partners’ capital account in the .

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Goodwill is written off by debiting all the partners’ capital account in the ___

The correct option is B Old Ratio Goodwill is written off by debiting all the partners’ capital account in the old ratio.

The correct option is B
Old Ratio

Goodwill is written off by debiting all the partners’ capital account in the old ratio.