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Question

Goodwill brought in by the incoming partner in cash for joining in a partnership firm is adjusted by giving affect to old partners capital accounts in:



Your Answer
A

capital ratio

Correct Answer
B

sacrificing ratio

Your Answer
C

new profit sharing ratio

Your Answer
D

old profit sharing ratio


Solution

The correct option is B

sacrificing ratio


Goodwill brought in by the incoming partner in cash for joining in a partnership firm is adjusted by giving affect to old partners capital accounts in sacrificing ratio.

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