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Journal entry for goodwill existing in the books at the time of admission and written off?
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Journal entry for goodwill existing in the books at the time of admiss...
Goodwill appearing in the balance sheet is written off ,by debiting the old partners capital accounts in their old ratio.
Community Answer
Journal entry for goodwill existing in the books at the time of admiss...
At the time of written off the entry passed is partners capital account dr. to Goodwill account it is divided in their old profit sharing ratio
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Journal entry for goodwill existing in the books at the time of admission and written off?
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Journal entry for goodwill existing in the books at the time of admission and written off? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Journal entry for goodwill existing in the books at the time of admission and written off? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Journal entry for goodwill existing in the books at the time of admission and written off?.
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