CUET Accountancy - The journal entries are as under Incoming partners' current A/c. Dr. To Sacrificing partners capital A/c. What statement among the following is TRUE for the above entry? | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 1

Partnership

Medium

common

When the new Partner brings goodwill in cash.

When the new partner does not bring goodwill in cash, partly or fully and goodwill does not exist in the book.

When the new partner does not bring goodwill in cash, partly or fully, and the value of goodwill appears in the books is not written off.

When the new partner does not bring goodwill in cash, partly or fully, and goodwill exists in the books, at new value of goodwill.

✅ Correct Option: 2

CUET Accountancy 2025 3 June Shift 1 PYQs