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The double entry in the books to write off goodwill is
Question 1
Report
The double entry in the books to write off goodwill is
debit Goodwill account, credit capital account
debit Goodwill account, credit revaluation account
debit profit and loss appropriation account, credit Goodwill account
debit Trading account, credit Goodwill account
Answer Details
Read lesson note on Partnership Accounts (JAMB)
Read lesson note on Principles Of Double Entry (JAMB)
Partnership Accounts
Principles Of Double Entry
View Answer