When goodwill is not retained in the business, the entries in the new partners books will be to debit______________
When goodwill is not retained in the business, the entries in the new partners books will be to debit______________
A Goodwill account and credit partners capital account
B Cash account and credit goodwill account
C Goodwill account and credit cash account
D Partners capital account and credit goodwill account
Answer is D
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