12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    Which of the following statement is incorrect?

    A) Debit the gainer and credit the sacrificing partner

    B) It is not necessary for a new partner to bring premium for goodwill in cash

    C) Both new partner and gainer partner will compensation the sacrificing partner

    D) It is not necessary to value the goodwill when a new partner is admitted

    Correct Answer: D

    Solution :

    It is not necessary to value the goodwill when a new partner is admitted


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