When new partner does not bring his share of goodwill in cash, the amount is debited to:
A. Current account of the new partner
B. Premium account
C. Capital account of the old partners
D. Cash account
Answer:C
When new partner does not bring his share of goodwill in cash, the amount is debited to:
A. Current account of the new partner B. Premium account C. Capital account of the old partners D. Cash account