When there is no Goodwill Account in the books and goodwill israised,…………….account will be debited
A)Partner's Capital
B)Goodwill
C)Cash
D)Reserve

Name: When there is no Goodwill Account in the books and goodwill israised,…………….account will be debited A)Partner's Capital B)Goodwill C)Cash D)Reserve
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Question

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When goodwill is raised and there is no existing Goodwill Account in the books, the Goodwill account itself is debited to record its creation or recognition in the accounting records.

When There Is No Goodwill Account in the Books and Goodwill