Question

7. Accounting Standard-26 requires
that goodwill is to be recorded in the
books of accounts only when money
or money's worth has been paid for
it. How will you deal with the issue, if
the new partner is unable to bring in
his share of goodwill?​

Answer 1

Answer:

Then new partner current a/c is opening

Explanation:

New partners current a/c. dr.

To Old partner's capital a/c

Hope you understand....