When a new partner brings goodwill in Cash it is credited to ........

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When a new partner brings goodwill in Cash, it is credited to :

His Capital A/c

Sacrificing Partner’s Capital A/cs

Old Partner’s Capital A/cs

All Partner’s Capital A/cs

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Explanation:

- Option 1: His Capital A/c. This is incorrect. The goodwill amount brought in by the new partner isn't credited to their own capital account.

- Option 2: Sacrificing Partner’s Capital A/cs. This is correct. The amount of goodwill is credited to the accounts of the partners who are sacrificing their share to compensate them for the loss of future profit share.

- Option 3: Old Partner’s Capital A/cs. This option could be misleading but is not entirely wrong if the sacrificing partners are the only old partners benefiting.

- Option 4: All Partner’s Capital A/cs. This isn't correct because only specific partners who sacrifice their share receive the goodwill.

Correct Answer: Option 2 (Sacrificing Partner’s Capital A/cs)