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When Goodwill Account is written off after admission all partners' capital accounts are debited in which ratio?

Answer and explanation

Correct answer: New profit-sharing ratio

After admission goodwill benefits all partners in the new ratio so it is debited in the new ratio. Remember old ratio for raising and new ratio for writing off.

Related tags

Goodwill Write OffNew RatioEntryGoodwill AccountingReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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