Question

State the Journal entry when sacrificing partner Radha withdraws her Share of goodwill in cash?

• A. Radha's Capital A/c Dr. To Cash A/c
• B. Bank A/c Dr To Radha's Capital A/c
• C. Radha's Capital A/c Dr To Goodwill A/c
• D. Premium for Goodwill A/c Dr To Radha's capital A/c

Answer 1

The Correct Option is A

The correct option is (A) :Radha's Capital A/c Dr. To Cash A/c