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What is the entry for drawing …

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What is the entry for drawing of goodwill cash by partner?

Posted by Mayank Sarathe 6 years, 11 months ago

CBSE > Class 12 > Accountancy

7 answers

Riya Jain 6 years, 10 months ago

Cash A.c ..........dr to partner's capital a.c

Roma Yadav 6 years, 11 months ago

Partner's capital a/c Dr. To cash a/c

Roma Yadav 6 years, 11 months ago

Premium of goodwill A/C DR. ..... To All partner 's capital A/C .....

Raghav Gaur 6 years, 11 months ago

Cash a/c-dr. To partners cap. A/c

J K 6 years, 11 months ago

Because cash is going out of business from premium for goodwill a/c a by the partner

J K 6 years, 11 months ago

Partner a/c-dr. To premium for goodwill a/c

Garima Madaan 6 years, 11 months ago

I think sooo Cash A/C-Dr To Goodwill A/C

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