In case of admission of a partner, if a new partner is unable to bring the goodwill amount, then his/her goodwill premium will be taken from _________.
In case of admission of a partner, if a new partner is unable to bring the goodwill amount, then his/her goodwill premium will be taken from _________.
Solution
✅ Correct Option: 1
When the incoming partner cannot bring premium in cash, his share of goodwill is debited to his current or capital account and credited to the sacrificing partners' capital accounts.
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