by: Admin_LouisPosted on:

The amount paid by the new partner on admission as a compensation for the reputation built up by old partners is a

The amount paid by the new partner on admission as a compensation for the reputation built up by old partners is a

A Bonus

B Good will

C Premium

D Commission

Answer is B

Related posts:

  1. What is the amount of capital employed?
  2. When goodwill is not retained in the business, the entries in the new partners books will be to debit______________
  3. Which of the following is not a type of branch?
  4. What act generally includes completing unfinished partnership business, collecting and paying debts, collecting partnership assets to be turned into cash and taking inventory?

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