Primum for goodwill
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 August 2011
When the partner admit in partnership firm and unable to bring goodwill in cash why the debited partners current aic
15 August 2011
because the same will be adjusted partners share of profit in further period, so no need to adjust with capital account
15 August 2011
This is done because before the admission of a new partner the existing partners were sharing 100% and on admission of a new prater say of 10% the old partners shall be sharing only 90%
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