When the new partner brings cash for goodwill, the amount is credited to

Anurag Pathak
June 1, 2023
[CBSE] Admission of Partner, [CBSE] TS Grewal Solutions, Accountancy Class 12th, MCQs (Admission)

Anurag Pathak28.27K June 1, 2023 0 Comments

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

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Anurag Pathak28.27K Posted June 1, 2023 0 Comments

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

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When the new partner brings cash for goodwill, the amount is credited to

1 Answer

Anurag Pathak

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Anurag Pathak

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