In the case of hidden goodwill, the new partner`s capital account is ___ with his share of goodwill.

None of the above

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Either A or B

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Credited

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Debited

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Solution

The correct option is D
Debited

In the case of hidden goodwill, the new partner`s capital account is debited with his share of goodwill.

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In the case of hidden goodwill, the new partner`s capital account is ___ with his share of goodwill.

The correct option is D Debited In the case of hidden goodwill, the new partner`s capital account is debited with his share of goodwill.

The correct option is D
Debited

In the case of hidden goodwill, the new partner`s capital account is debited with his share of goodwill.