Accountancy, asked by golu90005, 7 months ago

Premium for Goodwill paid privately by the gaining partner to the sacrificing partner

is not recorded in the books of account of the firm because ……….​

Answers

Answered by ItsRitam07
2

Answer:

Because we record business related entries. There's no cash transaction happened in the business, they settled each other privately so it is not recorded in the books of accounts.

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