If the incoming partner is to bring in premium for goodwill in cash and also a balance exists in the goodwill account, then this goodwill account is written of among the old partners in
A. The old profit sharing ratio
B. The new profit sharing ratio
C. The sacrificing ratio
D. None of the options
Answer:A
If the incoming partner is to bring in premium for goodwill in cash and also a balance exists in the goodwill account, then this goodwill account is written of among the old partners in
A. The old profit sharing ratio B. The new profit sharing ratio C. The sacrificing ratio D. None of the options