What journal entry will be recorded for writing off the goodwill already existing in Balance Sheet at the time of retirement of a partner? Post category:Accountancy Reading time:1 mins read SOLUTION All Partner’s Capital A/cs (including retiring) Dr. (in old ratio) To Goodwill A/c Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat journal entry’ will be recorded for deceased partner’s share in profit from the closure of last balance sheet till the date of his death? Next PostState two basis lor determination of Profits from the date oflast Balance Sheet to the date of death/retirement. You Might Also Like A. B and C are partners sharing profits in the ratio of 1 /2: 1 / 4: 1 / 4 What will be the new ratio on the retirement of B? September 27, 2022 At the time of retirement, how is the new profit-sharing ratio among the remaining partners calculated? (CBSE 2019 C) October 8, 2022 What is meant by Sacrificing Partners? September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A. B and C are partners sharing profits in the ratio of 1 /2: 1 / 4: 1 / 4 What will be the new ratio on the retirement of B? September 27, 2022
At the time of retirement, how is the new profit-sharing ratio among the remaining partners calculated? (CBSE 2019 C) October 8, 2022
