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Reconstitution of Partnership (Admission of Partner) — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyReconstitution of Partnership (Admission of Partner)1 Mark
MCQ
When goodwill is withdrawn by the partner __________ account is credited.
  • A
    Revaluation
  • ✓
    Cash/Bank
  • C
    Current
  • D
    Profit and Loss Adjustment
✓

Answer

Correct option: B.
Cash/Bank
Cash/Bank

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