Question 33 of 40
Q.At the time of admission, the Goodwill brought by the new partner may be credited to the Capital accounts of whom ?
(a) The new partner
(b) The old partners
(c) The Sacrificing partners
(d) All the partners
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2025MCQ· 1mImportance★★★★★
83% · 33/40 Questions
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Start your 14-day free trial to unlock the full solution →Goodwill brought in by the new partner is credited to the sacrificing partners.
On admission, the new partner acquires his share of profit only because the existing partners sacrifice part of theirs (Admission of a Partner, TN HSC Commerce). The premium (goodwill) he brings is therefore a compensation to those who sacrifice. It is credited to the sacrificing partners' capital accounts in their sacrificing ratio — not to the new partner, and not necessarily to all old …
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