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When the new partner brings premium (goodwill) in cash, it is transferred to:
English
Partnership Accounts: Basic Concepts
Question
Updated
19 Aug 2026
When the new partner brings premium (goodwill) in cash, it is transferred to: (MP 2009 Set B)
A
Choose Your Answer
A
New partner’s capital A/c
B
Premium A/c
C
New partner’s current A/c
D
Bank A/c
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