Accountancy, asked by mahadevi64, 9 months ago

admition good will entrys

Answers

Answered by manoharsetty

1

Answer:

we have 3 to 4 methods

1. when admitting partner brought Goodwill inform of cash

bank a/c dr

to premium for Goodwill

PFG a/c dr

to sacrifice partner

2. when admitting partner unable to bring Goodwill

admitting partner current account dr

to sacrifice partner

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