Question: Please answer with reason for all why the option is correct and why the other options are incorrect,,, Accounting type Question: When goodwill is brought
Please answer with reason for all why the option is correct and why the other options are incorrect,,,
Accounting type Question:
When goodwill is brought by the incoming partner in the form of cash. The goodwill amount is credited to the old partners in:
A Old profit sharing ratio
B New profit sharing ratio
C Sacrificing ratio
D Old capital ratio
E New capital ratio
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