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Question
Match the following items:
| (i) | When new partner is unable to bring his/her share of goodwill in cash | (a) | No entry passed in the books of accounts |
| (ii) | When new partner brings his/her share of goodwill in cash | (b) | New Partners Current A/c ...Dr. To Sacrificing Partners Capital A/с |
| (c) | Bank A/с ...Dr. To Premium for goodwill A/c |
Match the Columns
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Solution
| (i) | When new partner is unable to bring his/her share of goodwill in cash | (b) | New Partners Current A/c ...Dr. To Sacrificing Partners Capital A/с |
| (ii) | When new partner brings his/her share of goodwill in cash | (c) | Bank A/с ...Dr. To Premium for goodwill A/c |
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