Question

in partnership accounts of revaluation when the Goodwill is given in the balance sheet and also given in the adjustment then what is the treatment of goodwill in partnersship of admission of partners accounts and also givin in balance sheet as 10,500 in asset side

Answer 1

first write off goodwill appearing in the balance sheet ......
partners capital a/c Dr. 10500
To Goodwill a/c 10500
in partners old ratio

then goodwill brought in is distributed to sacrificing partner by gaining partner
gaining partner capital a/c Dr
to sacrificing partner capital a/c

in sacrificing ratio
simple