Accountancy, asked by vishalbarde, 4 months ago

B. State whether the following statements are true or false
4
1. When goodwill is written off goodwill account is debited.
2. Balance sheet is a nominal account.
3. R.D.D is created on creditors.
4. Not for profit concern do not prepare the balance sheet.​

Answers

Answered by raunaknakade25
1

Answer:

2. balance sheet is mominal account

Answered by Anonymous
0

Answer:

1 = true: f old (or existing) goodwill appears in the books of a firm, then at first, it is written off by debiting the Old Partners' Capital Accounts in their old profit sharing ratio and crediting the Goodwill Account.

Explanation:

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