Question

Match the following items a) Goodwill appearing in the books at the time of admission
i) New partner’s Capital A/c Dr. To Sacrificing Partners’ capital A/c
b) When new partner brings his/her share of goodwill in cash
ii) No entry passed in the books of accounts
c) When new partner is unable to bring his/her share of goodwill in cash
iii) Premium for goodwill A/c Dr. To sacrificing partners’ capital A/c
d) When new partner brings his/her share of goodwill in cash and paid privately
iv) Written off in old profit sharing ratiO​

Answer 1

Answer:

(a):(ii)

(b):(iii)

(c):(i)

(d):(iv)

Answer 2

Answer:

nice question dear

Explanation:

very good