Maharashtra State BoardHSC Commerce 12th Board Exam
Advertisement Remove all ads

State 'True' Or 'False' the Goodwill Brought in by the New Partner is Shared by All Partners. - Book Keeping and Accountancy

MCQ

State 'True' or 'False'
The goodwill brought in by the new partner is shared by all partners.

Options

  • True

  • False

Advertisement Remove all ads

Solution

False

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. 

  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 3 Reconstitution of Partnership (Admission of Partner)
Exercise | Q 3 | Page 108
Advertisement Remove all ads

Video TutorialsVIEW ALL [2]

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×