Goodwill may be brought into the books when

Accounts - Principles of Accounts WAEC 2017

Goodwill may be brought into the books when
 

  • no partner retires
  • assets are more than liabilities
  • profit for the period is high
  • a new partner is admitted checkmark

The correct answer is: D

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment