State 'True' Or 'False' the Goodwill Brought in by the New Partner is Shared by All Partners. - Book Keeping and Accountancy
State 'True' or 'False'
The goodwill brought in by the new partner is shared by all partners.
Explanation: Goodwill brought in by the new partner is shared only by the old partners in their sacrificing ratio. The new partner has no right on goodwill brought in by him.
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