Question

On the admission of a new partner, if a goodwill account is to be raised then this should be debited to ____________.

Options

• Goodwill Account

• Old Partners capital Account

• Profit and Loss Appropriation A/c

• None of the options

Answer 1

On the admission of a new partner, if a goodwill account is to be raised then this should be debited to Goodwill Account.