Accountancy, asked by kanchan99t, 8 months ago

How withdraw goodwill amount entry in partners capital account​

Answers

Answered by rakeshaade380
1

Premium Method

Under this method, when the incoming partner brings his share of goodwill in cash, the existing partners share it in the sacrificing ratio. However, when the amount of goodwill is paid privately by the new partner to old partners privately in cash, no entry is passed in the books of the firm.

Answered by kanchannagpalcba1976
0
By premium method

Thank you
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