Question 29 Not yet answered Marked out of 1.00 P Flag question In which of the following situations reconstitution of partnership occurs: b. At the time of admission of partner c. At the time of retirement of partner a. When there is change in profit shari... d. All of the listed choices Question 30 Not yet answered Marked out of 1.00 P Flag question Gaining ratio is calculated at the time of: a. Admission of a partner b Retirement of a partner c. Dissolution of firm d. None of the listed choices Question 31 Not yet answered Marked out of 1.00 P Flag question P,Q and Rare partners sharing profits and losses in the ratio of 3:2:1.Q retired. The new profit sharing ratio of P and Ris 2:1. The goodwill of the firm is valued at OMR 84000. In the case of treatment of goodwill, Q's capital account is: > d. Credited with OMR 14000 a. Debited with OMR 28000 c. Debited with OMR 14000 b. Credited with OMR 28000