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The new partner does not bring goodwill in cash. In general adjustment, who is debited?

Answer and explanation

Correct answer: New partner's Capital or Current Account

If cash is not brought, goodwill is adjusted through the new partner's account. Old partners are credited in sacrificing ratio.

Related tags

Goodwill Not BroughtAdjustmentNew Partner DebitGoodwill AccountingReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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