When goodwill is not retained in the business, the entries in the new partners' b...
AccountsJAMB UTME
Question
When goodwill is not retained in the business, the entries in the new partners' book will be to debitOptions
A)
good account and credit partners' capital account
B)
partners' capital account and credit goodwill account
C)
cash account and credit goodwill account
D)
goodwill account and credit cash account
The correct answer is B.
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