Question
Accountancy Question on Partnership
At the time of admission of partner if goodwill exist in the books of account it will be written off among:
A
Old partners in sacrificing ratio
B
All the partners in new ratio
C
New partners in gaining ratio
D
Old partners in old profit sharing ratio
Answer
Old partners in old profit sharing ratio
Explanation
Solution
The correct option is (D): Old partners in old profit sharing ratio