, and are partners in a firm. On retirement/death of , his capital account will be credited with:
- AHis share of goodwill
- BShare of goodwill of
- CShare of goodwill of
- DGoodwill of the firm
Solution & Step-by-step Explanation
Upon leaving or passing away, the outgoing partner () is entitled to receive compensation for his accrued share of goodwill from the gaining partners. Thus, his capital account is credited explicitly with his share of goodwill.