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When the new partner pays for goodwill in cash, the amount should be debited
English
Reconstitution of Partnership Firm: Admission of a Partner
Question
Updated
19 Aug 2026
When the new partner pays for goodwill in cash, the amount should be debited in the firm’s book to:
A
Choose Your Answer
A
Goodwill Account
B
Cash Account
C
Capital Account of new partner
D
None of these
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