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When Goodwill is raised at its full value and it is written off __________ account is to be credited. - Book Keeping and Accountancy

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Question

When Goodwill is raised at its full value and it is written off __________ account is to be credited.

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Solution

When Goodwill is raised at its full value and it is written off Goodwill account is to be credited.

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Chapter 5: Reconstitution of Partnership (Death of Partner) - Exercise 5.1 (Objective Questions) [Page 201]

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Balbharati Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
Chapter 5 Reconstitution of Partnership (Death of Partner)
Exercise 5.1 (Objective Questions) | Q 1. D. 5. | Page 201
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