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In which ratio are partners capital accounts debited when old goodwill is written off?

Answer and explanation

Correct answer: In old profit sharing ratio

Old goodwill relates to all old partners so old ratio applies. In exams remember old goodwill with old ratio.

Related tags

AccountancyOld GoodwillOld RatioGoodwill SettlementReconstitution Retirement Or Death Of A PartnerClass 12 Mcq

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