Accountancy Part AAdmission of a Partner

In case of admission of a partner, if a new partner is unable to brin…

In case of admission of a partner, if a new partner is unable to bring the goodwill amount, then his/her goodwill premium will be taken from _________.

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → His Current/Capital A/c

NCERT (2026-27 edition):
When the new partner does not bring goodwill in cash, partly or fully – “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.”