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If goodwill account is raised at full value and immediately written off in new ratio then on whom does the final burden focus?

Answer and explanation

Correct answer: On gaining partners

The procedure may differ but the final economic burden falls on gainers. Check the result with the principle.

Related tags

Goodwill-SettlementGoodwill-AccountConceptGoodwill SettlementReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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