There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the codes provided below-
Assertion: At the time of admission of a partner, the new partner should bring his share in goodwill in cash to compensate the sacrificing partner.
Reasoning: New partner may or may not bring his share of goodwill in cash to compensate the Sacrificing Partner or Partners. Sacrificing Partners may be compensated by debiting new partner’s Current Account and crediting Sacrificing Partner’s Capital Accounts.

Assertion (A) is not true but Reasoning (R) is correct.

It is not necessary to bring Premium of goodwill in cash. When the new partner does not bring goodwill in cash, partly or fully, the Goodwill not brought by the new partner will be debited to current account of new partner while sacrificing partners' capital accounts will be credited for their respective shares.