For which of the following situations, old profit sharing ratio of partners is used at the time of admission of a new partner?
For which of the following situations, old profit sharing ratio of partners is used at the time of admission of a new partner?
a) When new partner brings only a part of his share of goodwill
b) When new partner is not able to bring his share of goodwill.
c) when, at the time of admission, goodwill already exists in the Balance Sheet.
d) When new partner brings his share of goodwill in cash.
Anurag Pathak Changed status to publish June 1, 2023
Ans – c)
The existing goodwill is written off in the old ratio of partners.
Anurag Pathak Changed status to publish June 1, 2023
