Accountancy, asked by kheriala1010, 2 months ago

3. If goodwill already existing in the
---, it should be written off by
debiting old partners in their old
profit sharing ratio
1. Trading account
2. Balance sheet
3. Trial Balance
4. Profit and loss account​

Answers

Answered by gbabu5839
0

Answer:

2.Balance sheet

Explanation:

The goodwill already existing in the balance sheet of the old firm should be written off and transferred to the old partners capital account in the old ratio.

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