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When there is no Goodwill Account in the books and goodwill is raised, ______ account will be debited
  • a)
    Partner’s Capital A/c
  • b)
    Goodwill A/c
  • c)
    Cash A/c
  • d)
    Reserve A/c
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
When there is no Goodwill Account in the books and goodwill is raised,...
More appropriate answer is Goodwill but now it is not permitted to recognise goodwill internal
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Community Answer
When there is no Goodwill Account in the books and goodwill is raised,...
's Capital Account(s)
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