Accountancy, asked by Arun182003, 1 month ago

when goodwill is written off, why is all parnters a/c debited in new profit sharing ratio in case of admission?(reason)​

Answers

Answered by Anonymous
2

Answer:

The given statement is wrong. When goodwill is written off , it is transferred to the debit side of the old partners capital a/c in the old profit sharing ratio as the old partners have a right over the assets of the firm

Hope it helps. Please mark as brainliest

Similar questions