Economics · Partnership Accounting
In a partnership firm, when a Goodwill Account is raised in the books, the credit is given to the old partners' capital accounts in their:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Sacrificing ratio
- 2Gaining ratio
- 3Old profit-sharing ratio✓
- 4New profit-sharing ratio
Correct answer
Old profit-sharing ratio
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