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Which of these statements is true?
A Goodwill at the time of retirement of a partner is credited to remaining partner's capital A/c in sacrificing ratio.
B Goodwill at the time retirement of a partner is credited to remaining partner's capital A/c in gaining ratio.
C Goodwill at the time of retirement of a partner is debited to remaining partner's capital A/c in sacrificing ratio.
D Goodwill at the time of retirement of a partner to the extent of retiring partner's share is debited to remaining partner's capital A/c in gaining ratio. Correct Answer

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Best answer
Correct option is D)
The valuation of goodwill at time of retiring in gaining ratio and retiring partner's is debited to partner's capital account.
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