The total capital of the firm after the retirement of a partner may be ____ the total of their capital at the time of retirement.
None of the above
either A or B
less
more
The total capital of the firm after the retirement of a partner may be more or less than the total of their capital at the time of retirement.
Which of the following capital accounts are affected due to adjustment after retirement in the total capital of the firm?
If at the time of retirement of a partner, goodwill appears in the balance sheet of the firm, it will be written-off by debiting the capital accounts of ______
At the time of retirement, if there are accumulated profits or losses, they should be transferred to the capital accounts of all partners in their ___