When goodwill is not retained in the business t... - JAMB Accounting 2006 Question
When goodwill is not retained in the business, the entries in the new partners' book will be to debit?
A
good account and credit partners' capital account
B
partners' capital account and credit goodwill account
C
cash account and credit goodwill account
D
goodwill account and credit cash account
correct option: b
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