Question 27 Not yet If the amount due to a retiring partner is not paid off immediately, then that amount will be transferred to: answered . Marked out of 1.00 P Flag question Retiring partner's capital account Retiring partner's cash account Retiring partner's loan account Retiring partner's asset account Question 28 Not yet Identify the correct statement about the treatment of goodwill at the time of retirement of a partner: answered Marked out of 1,00 Statement 1 - Retiring partner's share of goodwill is calculated. P Flag question Statement 2 - Sacrificing ratio of remaining partners is calculated. A Both the statements are correct Both the statements are incorrect Only statement 2 is correct. Only statement 1 is correct. Question 29 Question 29 A partnership is dissolved by change of mutual contract in the following cases except: Not yet answered Marked out of 1.00 Flag question Death of a partner Change in sacrificing ratio among partners Retirement of a partner, where at least two persons remain as partners Admission of a new partner Question 30 Not yet The main purpose to calculate the gaining ratio is to find out the compensation to be answered paid by the: Marked out of 1.00 P Flag question Sacrificing partner to the Gaining partners Retiring partner to the gaining partners Incoming partner to the sacrificing partner Gaining partners to the retiring partner