The retiring deceased partner must be compensated in the form of premium goodwill for the share of p

MCQ Answer

The retiring/deceased partner must be compensated in the form of premium (goodwill) for the share of profit in favour of continued partners. .

Topic : ACCOUNTING MASTERS IN TALLY ERP9

A. sacrificed

B. gained

C. obtained

D. None of these.

Correct Answer is :

A. sacrificed