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Premium for goodwill brought by the partner is recorded on ……………….. side.(A) debit side of old partners’ capital accounts in old profit-loss sharing ratio.(B) credit side of old partners’ capital accounts in their old profit-loss Sharing ratio(C) debit side of old partners’ capital accounts in their sacrificing ratio(D) credit side of old partners’ capital accounts in their sacrificing ratio |
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Answer» Correct option is (D) credit side of old partners’ capital accounts in their sacrificing ratio |
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