When goodwill existing in the books is written off at the time of admission of a partner, it is transferred to partner’ Capital accounts in their
When goodwill existing in the books is written off at the time of admission of a partner, it is transferred to partner’ Capital accounts in their
a) Old Profit sharing ratio
b) New Profit sharing ratio
c) Sacrificing ratio
d) Gaining ratio
Anurag Pathak Changed status to publish June 1, 2023
Ans – a)
Explanation:-
Existing Goodwill was purchased by old partners in the past. the it should be written of from the books in their old profit sharing ratio.
Anurag Pathak Changed status to publish June 1, 2023
