State 'True' Or 'False' the New Partner Must Pay His Share of Goodwill in Cash Only. - Book Keeping and Accountancy
State 'True' or 'False'
The new partner must pay his share of goodwill in cash only.
Explanation: The new partner can pay his share of goodwill either in cash or kind. Besides this, the amount can also be paid privately (i.e. outside the business).
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