Question
Accountancy Question on Partnership
On retirement of a partner, the retiring partner's capital account will be credited with ______
A
His/her share of Goodwill
B
Good will of the firm
C
Share of Good will of Remaining Partners
D
His/her share of Goodwill and share of Goodwill of Remaining Partners
Answer
His/her share of Goodwill
Explanation
Solution
The correct option is (A): His/her share of Goodwill