Question

Explain how is goodwill treated in the books of accounts when the incoming partner does

not bring his share of goodwill in cash. What journal entries are to be passed when asset and

liabilities are revaluated at the time of admission of a new partner? ​

Answer 1

Answer:3.yes

Explanation:3.because if we don't know about our liabilities then its will be couses of our business lost,,and our business liabilities will be grownn up,,