Goodwill appearing in the books of the firm at the time of admission of the new partner is recorded as ……………….(A) debited to old partners’ capital accounts in their old profit-loss sharing ratio and good¬will account is credited(B) credited to all partners’ capital accounts including new partner in their new profit-loss sharing ratio.(C) admitted partners’ capital A/c Cr. Goodwill A/c Dr.(D) credited to old partners’ capital accounts in their old profit-loss sharing ratio and good¬will account debited.

Goodwill appearing in the books of the firm at the time of admission o

1.	Goodwill appearing in the books of the firm at the time of admission of the new partner is recorded as ……………….(A) debited to old partners’ capital accounts in their old profit-loss sharing ratio and good¬will account is credited(B) credited to all partners’ capital accounts including new partner in their new profit-loss sharing ratio.(C) admitted partners’ capital A/c Cr. Goodwill A/c Dr.(D) credited to old partners’ capital accounts in their old profit-loss sharing ratio and good¬will account debited.
Answer» Correct option is (A) debited to old partners’ capital accounts in their old profit-loss sharing ratio and good¬will account is credited