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If A's goodwill is ₹ 96000 and only C gains then what will be the effect on C's capital?

Answer and explanation

Correct answer: Debited by ₹ 96000

C gets the whole gain so the full goodwill amount will be debited to C's capital. The retiring partner's account will be credited.

Related tags

Goodwill-SettlementCapital-AccountSingle-GainerGoodwill SettlementReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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