Question

when the goodwill is written off goodwill account is credited. (True or false with reason)​

Answer 1

Answer:

false

Explanation:

it is not possible

hope this helps you

Answer 2

Answer:

This statement is False. Explanation: If old (or existing) goodwill appears in the books of a firm, then at first, it is written off by debiting the Old Partners' Capital Accounts in their old profit sharing ratio and crediting the Goodwill Account.