On retirement/death of a partner, the re...

On retirement/death of a partner, the retiring/deceased partner’s capital account will be credited with
1)his/her share of goodwill.
2)goodwill of the firm.
3) shares of goodwill of remaining partners.
4)none of these.

his/her share of goodwill.

goodwill of the firm.

shares of goodwill of remaining partners.

none of these.

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On retirement/death of a partner, the retiring/deceased partner’s capital account will be credited with1)his/her share of goodwill.2)goodwill of the firm.3) shares of goodwill of remaining partners. 4)none of these.