When the new partner brings cash for goodwill, the amount is credited to
When the new partner brings cash for goodwill, the amount is credited to
a) Revaluation Account
b) Cash Account
c) Premium for Goodwill Account
d) Realisation Account
Anurag Pathak Changed status to publish June 1, 2023
Ans – c)
Explanation:-
Journal Entry is
Cash A/c Dr.
To Premium for goodwill A/c
Anurag Pathak Changed status to publish June 1, 2023
