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When there is no Goodwill Account in the books and goodwill is raised, ____________ account will be debited. -

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Question

When there is no Goodwill Account in the books and goodwill is raised, ____________ account will be debited.

Options

  • Partner’s Capital

  • Goodwill

  • Cash

  • Reserve

MCQ
Fill in the Blanks

Solution

When there is no Goodwill Account in the books and goodwill is raised, Goodwill account will be debited.

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