Question 6 Not yet answered Marked out of 1.00 p Flag question The journal entry to record writing off of goodwill that is already existing in Balance Sheet at the time of retirement of a partner, is; a. Debit All Partners Capital A/cs (in old ratio) To Goodwill A/C b. Debit Remaining Partners Capital A/cs (in gaining ratio) Credit To Goodwill A/C C. Debit Remaining Partners Capital A/cs (in new ratio) Credit To Goodwill A/C d. Debit Retiring Partners Capital A/c Credit Goodwill A/C A Question 7 Not yet answered Marked out of 1.00 p Flag question for a A partner acts as a/an firm. a. Employee b. Third party c. None of the options given d. Agent