Question

what do you meant by raising the goodwill at the time of admission of new partner​

Answer 1

Answer:

Raising the Goodwill at the time of admission of a new partner means debiting Goodwill Account up to the value it is raised and crediting. Old partners Capital Accounts in their old ratio in the books of the firm.

Explanation:

follow me

like my answer

Answer 2

Answer:

Raising the Goodwill at the time of admission of a new partner means debiting Goodwill Account up to the value it is raised and crediting. Old partners Capital Accounts in their old ratio in the books of the firm.

Explanation:

hope it's helpful for you.....