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Question

At the time of admission of a new partner, goodwill belongs to


A

None of the above

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B

Belongs only to the old partner who have credited it

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C

Belongs only to the new partners who is going to be admitted

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D

Belongs to all partners, new and old

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Solution

The correct option is B

Belongs only to the old partner who have credited it


At the time of admission of a new partner, goodwill belongs only to the old partners.


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