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State Whether the following Statement is True or False: Goodwill appearing in the books of the firm will be transferred to Realisation Account on its dissolution.

State Whether the following Statement is True or False:

Goodwill appearing in the books of the firm will be transferred to Realisation Account on its dissolution.

True or False

This statement is true.

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Chapter 5: Dissolution of a Partnership Firm - OBJECTIVE TYPE QUESTIONS [Page 5.98]

Chapter 5 Dissolution of a Partnership Firm
OBJECTIVE TYPE QUESTIONS | Q (A) 6. | Page 5.98

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