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Entries for goodwill when partner not bring goodwill in cash and when a partner bring goodwill in cash

Posted by Amanish Navodian 5 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Prateek Seth 5 years, 2 months ago

, when Goodwill is brought in cash: Bank account debit to new partners capital account to Premium for goodwill After that the premium for Goodwill will be distributed among sacrificing partners and the entry will be Premium for Goodwill account Dr to sacrificing partners capital account when Goodwill is not brought in cash then the entry will be new partners current account Dr to sacrificing partners capital account

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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