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Goodwill is taken into account in partnership when

Accounts - Principles of Accounts
WAEC 2004
Goodwill is taken into account in partnership when
  • A. the business has good customer relations
  • B. the business is making huge profit
  • C. a new partner is admitted
  • D. a parner becomes dormant
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Correct Answer: Option C
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now