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Why goodwill already appeared in the …

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  1. Why goodwill already appeared in the bòoks is debited to old partners capital account ?

    • Posted by Vinita Sadhwani 6 years, 11 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Arinan Aggarwal 6 years, 11 months ago

    Goodwill is debited so as to write off the goodwill. As it shouldn't have to be shown in the current year balance sheet. For the same, goodwill should be distributed among the partner.

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