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When goodwill account is written off partners are debited in which ratio?

Answer and explanation

Correct answer: In new profit sharing ratio

If goodwill is not to appear in new firm it is written off in new ratio. This gives final effect according to sacrifice and gain.

Related tags

GoodwillWrite Off GoodwillNew RatioPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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