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Under what circumstances premium for goodwill paid by the incoming partner would never be recorded in the books of account? - Accounts

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प्रश्न

Under what circumstances premium for goodwill paid by the incoming partner would never be recorded in the books of account? 

अति संक्षिप्त उत्तर
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उत्तर

When the incoming partner pays the premium for goodwill directly in cash to the old partners, outside of the business, no accounting entries are made for this transaction.

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3: Admission of a Partner - SHORT ANSWER QUESTIONS [पृष्ठ ३.१४९]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
पाठ 3 Admission of a Partner
SHORT ANSWER QUESTIONS | Q 18. | पृष्ठ ३.१४९
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