What journal entry will be recorded for writing off the goodwill already existing in Balance Sheet at the time of retirement of a partner? Post category:Accountancy Reading time:1 mins read SOLUTION All Partner’s Capital A/cs (including retiring) Dr. (in old ratio) To Goodwill A/c Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat journal entry’ will be recorded for deceased partner’s share in profit from the closure of last balance sheet till the date of his death? Next PostState two basis lor determination of Profits from the date oflast Balance Sheet to the date of death/retirement. You Might Also Like From the following information, calculate Cash Flow from Investing Activities: August 18, 2022 What is meant by ‘Bearer Debenture’? September 29, 2022 How are Calls in Advance shown in the Balance Sheet? September 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
