Goodwill brought in by an incoming partner in cash is taken by the old partners in their sacrificing ratio. The cash goodwill is first credited to the old partners' capital accounts, and the value is distributed according to the ratio in which they have sacrificed their share for the new partner.
Goodwill brought in by an incoming partner in cash for joining in a partnership firm is can be taken by old partners in their _____?
Review the verified answer and explanation for this SPSC – Sindh Public Service Commission past-paper question on CampusFin.
Question context
This question is part of 🌍 Current Affairs within the broader 🌐 Current Affairs & GK subject and appears in the SPSC – Sindh Public Service Commission preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.