Practicing Success
If the incoming partner brings the amount of goodwill in cash and also a balance exists in Goodwill A/c, then the Goodwill A/c in the books is written off among the old partners in which ratio? |
In new profit-sharing ratio In old profit-sharing ratio In sacrificing ratio In gaining ratio |
In old profit-sharing ratio |
If the incoming partner brings the amount of goodwill in cash and also a balance exists in Goodwill A/c, then the Goodwill A/c in the books is written off among the old partners in old profit sharing ratio. |