The new partner does not bring cash for his share of goodwill under the______.

Premium method

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Revaluation method

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Memorandum revaluation method

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Super profit method

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Revaluation method
The provisions of the Indian Partnership Act,1932 states that the method in which the new partner does not bring cash for his share of goodwill is the revaluation method. This is stated under the provisions of admission of a new partner.

Suggest Corrections

Similar questions

Explain how will you deal with goodwill when new partner is not in a position to bring his share of goodwill in cash.

Join BYJU'S Learning Program