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a new partner is admitted with 100000Rs. as a capital and 20000Rs. as goodwill. And there is a bank overdraft of 150000Rs. what will be the balance of bank overdraft in new balance sheet??? Will new partner's capital and goodwill be adjusted with bank overdraft???

Posted by Priya Jindal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Prateek Seth 6 years, 10 months ago

Bank over draft will reduce to ₹30000(150000-120000) same as told by him

Rajbeer Singh 6 years, 10 months ago

yes, new partner's capital and goodwill adjusted in bank account

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