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RP
Question Practice

When goodwill is fully withdrawn by existing partners, which accounts are credited?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

When goodwill is fully withdra...

Single Answer MCQ
Q-00082125

When goodwill is fully withdrawn by existing partners, which accounts are credited?

1

New Partner's Capital A/c

2

Goodwill A/c

3

Bank A/c

4

Existing Partners' Capital A/c

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Q1.

What is reconstitution of a partnership firm?

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Q3.

When can a new partner be admitted into a partnership firm?

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Q4.

What rights does a newly admitted partner acquire in a partnership firm?

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