On retirement, the retiring partner's capital account will be credited with :

(A) His/Her Capital Balance

(B) His/Her share of goodwill

(C) Share of goodwill of remaining partners

(D) his/her share of Reserve

(E) his/her drawings

Choose the correct answer from the options given below :

At the time of retirement of a Partner the remaining gaining partners should compensate the ______

A, B and C partners in a firm sharing profits & losses in the ratio of 3:2:1. C died on 13th June 2025, C's share of profit till the date of his death will be debited to ?

ABC Ltd. is a firm with Amit, Ankit and Arjit as partners. The profit sharing ratio is 1:1:1. Ankit retires in the middle of the year from the firm, which of the following amount will not be considered in calculation of amount due to Ankit ?

Gaining Ratio is not calculated at the______.

When a Partner dies in the Middle of the Year, which accounting adjustment / calculation is not done for the intervening period?

A, B and C are partners sharing profits in the ratio of 3:2:1. A retires and his share is taken up by B and C in the ratio of 3:2. Calculate the new profit sharing ratio.