🏫 Board📒 Accountancy

When a new partner bring his share of goodwill in cash, the amount is debited to

Goodwill A/c

Capital A/c of the new partner

Cash A/c

Capital A/cs of the old partners

🔒

Answer & explanation — PYQ Pass

Options are free to see. Unlock the correct answer and full explanation with Pass.

Unlock · ₹149

See every question on Reconstitution of a Partnership Firm: Admission of Partner, or browse the full Board question bank.