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Question
On the admission of a new partner, if a goodwill account is to be raised then this should be debited to ____________.
Options
Goodwill Account
Old Partners capital Account
Profit and Loss Appropriation A/c
None of the options
MCQ
Fill in the Blanks
Solution
On the admission of a new partner, if a goodwill account is to be raised then this should be debited to Goodwill Account.
shaalaa.com
Admission of a Partner - Treatment of Goodwill
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