The amount of premium brought by new partner is credited in
(1) Capital Account of new partner
(ii) Premium Account
(iii) New Partner's Current Account
(iv) Bank Account
Answers
Answered by
1
Answer:2} premium a/c
Explanation:
Premium means the amount of goodwill taken by partner normally it is credited in
Goodwill premium a/c. Dr.
To old partner capital a/c
When new partner brought his amount of share of goodwill,while his account is debited when he not brought the amount.
Similar questions