When the incoming partner pays his share of goodwill privately to the sacrificing partner outside th….

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When the incoming partner pays his share of goodwill privately to the sacrificing partner outside the business Which account should be debited in the books of account?

Options :-

1. Cash A/c

2. Partner’s capital A/c

3. Premium for goodwill A/c

4. No entry should be recorded

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Answer/ Explanation

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