What journal entry will be recorded for writing off the goodwill already existing in Balance Sheet at the time of retirement of a partner?

Options

A. Retiring Partner's Capital A/c `" " `Dr.
To Goodwill A/c
B. All Partner's Capital A/cs(including retiring)` " " `Dr. (in old ratio)
To Goodwill A/c
C. Remaining Partner's Capital A/cs `" " `Dr.(in gaining ratio)
To Goodwill A/c
D. Remaining Partner's Capital A/cs `" " ` Dr. (in new ratio)
To Goodwill A/c

Answer

B