Multiple Choice Questions on The journal entry for treatment of goodwill when a new partner brings his share of goodwill in cash ........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

The journal entry for treatment of goodwill when a new partner brings his share of goodwill in cash ...........

Accountancy (CUET) Previous Year Papers
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    The journal entry for treatment of goodwill, when a new partner brings his share of goodwill in cash and one of the old partners gains, involves the following :

    (A)Gaining Partner’s Capital Account is debited

    (B)Premium for Goodwill Account is debited

    (C)Sacrificing Partner’s Capital Account is credited

    (D)Gaining Partner’s Capital Account is credited 

    Choose the correct answer from the options given below :

    This questions was previously asked in
    CUET ACCOUNTANCY Previous Year Paper (2024)
    View All cuet Previous Year Papers

    (A), (B) and (D) only

    Incorrect Answer

     (A), (B) and (C) only

    Correct Answer

    (A), (B), (C) and (D)

    Incorrect Answer

     (B), (C) and (D) only

    Incorrect Answer
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    Explanation:

    (A), (B) and (C) only

    By: AARTI
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