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Question : At the time of the death of a partner  If goodwill already appears in the balance sheet of a firm, it will be--------

Option 1: Raised

Option 2: Written off in New partners

Option 3: Written off in old partners 

Option 4: None of the above


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Written off in old partners


Solution : Answer = Written off in old partners

Written off in old Partners

Old Partners Capital A/C Dr.
To Goodwill A/c
[Old Ratio ....]
Hence, the correct option is 3.

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