When goodwill is not retained in the business, the entrie...
When goodwill is not retained in the business, the entries in the new partners' book will be to debit?
Good account and credit partners' capital account
Partners' capital account and credit goodwill account
Cash account and credit goodwill account
Goodwill account and credit cash account
Correct answer is B
No explanation has been provided for this answer.
Amin Ltd. Creditor Ledger Control Account (Extracts) Beginning control account Balance: De...
The document authorising an officer to incur expenditure is known as ...
The most important reason for studying accounting is that ...
Which of the following is not an inventory costing method? ...
Which of the following events increases a corporation's shareholders equity? ...
The principal book of account where accounts are classified and summarized is ...