When goodwill is not retained in the business t... - JAMB Accounting 2018 Question
When goodwill is not retained in the business, the entries in the new partners books will be to debit______________
A
Goodwill account and credit partners capital account
B
Cash account and credit goodwill account
C
Goodwill account and credit cash account
D
Partners capital account and credit goodwill account
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Correct Option: D
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