Question
Accountancy Question on Goodwill
The sum due to the retiring Partners includes :-
A. Share of remaining partners goodwill.
B. Credit balance of his capital Account.
C. His share of accumulated profits.
D. His share of Goodwill.
E. Cash brought in by remaining partners for adjustment of capital.
Choose the correct answer from the options given below :
A
A, C and E only
B
B, C and D only
C
A, B and E only
D
A, B and C only
Answer
B, C and D only
Explanation
Solution
The correct option is (B) :B, C and D only.