Retiring Partner's share of goodwill is debited to remaining partners in their:

Gaining Ratio

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Old Profit Sharing Ratio

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New Profit Sharing ratio

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Capital Ratio

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Solution

The correct option is A
Gaining Ratio

Retiring Partner's share of goodwill is debited to remaining partners in their gaining 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?

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. Calculate new profit-sharing ratio and gaining ratio of the remaining partners.

Q. New incoming partner pays his share of goodwill in cash and profit sharing ratio of old partner is changed, Goodwill be distributed among old partners ____________.

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Q. A & B are partners sharing the profit in the ratio of

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Retiring Partner's share of goodwill is debited to remaining partners in their:

The correct option is A Gaining Ratio Retiring Partner's share of goodwill is debited to remaining partners in their gaining ratio

The correct option is A
Gaining Ratio

Retiring Partner's share of goodwill is debited to remaining partners in their gaining ratio