Question

when existing Goodwill is written off is the partner capital account debit or credit

Answer 1

Bonjour, there your answer is ___


$answer$

⏩ When Goodwill already appears in the books, so the distribution of goodwill will among partners will be,


Old Partner's Capital A/c Dr.
To Goodwill A/c
(Being goodwill written off among partners)


▶ Old Partners will be debit and Goodwill will be credited because old partners are receiving the amount of goodwill which they earned.




Hope it may helps u...☺

Answer 2

Goodwill account will be credited and partner accounts will be debited