Practicing Success
Practicing Success
CUET Preparation Today
| When a new partner brings premium for goodwill in cash in the partnership firm to compensate old partners for their sacrifice, then, what is done with this premium? |
Retained in the business Withdraw by old partners according to their share Either option 1 or 2 None of these |
| Either option 1 or 2 |
| Both can be done according to partners choice or agreement. |
