Question

In what situation we make the following journal entry?
Old Partners Capital A/c Dr.

To Goodwill A/c

a. To write off the existing book value of Goodwill

b. To Find out the amount due to outgoing partner

c. To Debit the Gainer partners

d. To Calculate the retiring partner’s share of Goodwill​

Answer 1

Answer:

A

Explanation:

To write off the existing book value of Goodwill