Question

For which of the following situations, the old profit sharing ratio of partners is used at the time of admission of a new partner? a. When new partner brings only a part of his share of goodwill. b. When new partner is not able to bring his share of goodwill. c. When, at the time of admission, goodwill already appears in the balance sheet. d. When new partner brings his share of goodwill in cash.​

Answer 1

Answer:

Option C] When at the time of admission, goodwill already appears in balance sheet.

coz the book goodwill is distributed to old partner in old ratio.

Answer 2

Answer:

options C

Explanation:

becoz it is shared in old ratio to old partners