A bonus to remaining partners upon withdrawal of a partner would result in

Question

Select answer from the options below
a debit to the remaining partner’s capital accounts for the excess cash paid over the capital balance of the withdrawing partner.
a debit to the withdrawing partner’s capital account for the balance in the account.
a debit to the withdrawing partner’s capital account for the cash paid.
a debit to the remaining partner’s capital accounts for the cash received.

Answer 1

a debit to the remaining partner’s capital accounts for the excess cash paid over the capital balance of the withdrawing partner.