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When goodwill account is raised and then immediately written off in admission adjustment in which ratio may the new partner be debited?

Answer and explanation

Correct answer: In new profit sharing ratio including his share

When raised goodwill is written off the burden may be placed on all partners in new ratio. Read the instruction carefully in the question.

Related tags

Raise Writeoff GoodwillNew RatioAdjustmentGoodwill AccountingReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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