Question

For calculating valuation of goodwill with past adjustment what we need to add and what to deduct ?​

Answer 1

Answer:

answer is below

Explanation:

When admitting a new partner to a partnership a lot of accounting adjustments need to be made. One such major adjustment is the valuation and the treatment of goodwill.

Answer 2

Answer:

we add capital and we deduct capital

Explanation:

because both sides of entries capita was effected