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What journal entries will be passed when the new partner is unable to bring his share of goodwill in cash?

+3 votes

asked Mar 24, 2019 in Class 12 by kratos

What journal entries will be passed when the new partner is unable to bring his share of goodwill in cash?

reconstitution of partnership firm
admission of partner
class-12
reconstitution of partnership
admission of a partner

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1 Answer

+2 votes

answered Mar 7, 2020 by kratos

Best answer

New Partner’* Capital A/c Dr.

To Sacrificing Partners’ Capital A/c

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