Question:
State the Journal entry when sacrificing partner Radha withdraws her Share of goodwill in cash?
State the Journal entry when sacrificing partner Radha withdraws her Share of goodwill in cash?
Updated On: Sep 23, 2024
- Radha's Capital A/c Dr. To Cash A/c
- Bank A/c Dr To Radha's Capital A/c
- Radha's Capital A/c Dr To Goodwill A/c
- Premium for Goodwill A/c Dr To Radha's capital A/c
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The Correct Option is A
Solution and Explanation
The correct option is (A) :Radha's Capital A/c Dr. To Cash A/c
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