Multiple Choice Questions on If the incoming partner brings the amount of goodwill in Cash and also a balance exists in goodwill ........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

If the incoming partner brings the amount of goodwill in Cash and also a balance exists in goodwill ...........

Accountancy (CUET) Admission of a Partner
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    If the incoming partner brings the amount of goodwill in Cash and also a balance exists in goodwill account, then this goodwill account is written off among the old partners in

    The new profit sharing ratio

    Incorrect Answer

    The old profit sharing ratio

    Correct Answer

    The sacrificing ratio

    Incorrect Answer

    The gaining ratio

    Incorrect Answer
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    Explanation:

    The old profit sharing ratio

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