Multiple Choice Questions on When a new partner does not bring his share of goodwill in cash the amount is debited to ........ for Commerce 12th Preparation

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Multiple Choice Questions

When a new partner does not bring his share of goodwill in cash the amount is debited to ........

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    When a new partner does not bring his share of goodwill in cash, the amount is debited to :

    Cash A/c

    Incorrect Answer

    Premium A/c

    Correct Answer

    Current A/c of the new partner

    Incorrect Answer

    Capital A/cs of the old partners

    Incorrect Answer
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    Explanation:

    Current A/c of the new partner

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