Q9. Under what circumstances will the premium for goodwill paid by an incoming Partner will not recorded in the books of accounts?
Answers
Answered by
23
When the new partner bring his Goodwill in cash and old partners take it privately (Goodwill does not bring in the firm).
Hope this answer will be helpful to u....!
Hope this answer will be helpful to u....!
Similar questions
Accountancy,
7 months ago
Physics,
7 months ago
Chemistry,
7 months ago
Accountancy,
1 year ago
Accountancy,
1 year ago
Math,
1 year ago
Math,
1 year ago