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When goodwill existing in the books is written off at the time of admission of a partner, it is transferred partners capital account in their –

1. When goodwill existing in the books is written off at the time of admission of a partner, it is transferred partners capital account in their:

1. Old profit-sharing ratio
2. New profit-sharing ratio
3. Sacrificing ratio
4. Gaining ratio

Answer: A) Old profit-sharing ratio

Explanation:

When goodwill existing in the books is written off at the time of admission of a partner, then it should be written off among the old partner's itself in their old profit-sharing ratio.