The accounting entry to record the premium on goodwill is to debit?
FINANCIAL
JAMB 2004
The accounting entry to record the premium on goodwill is to debit?
- A. cash and credit old partners' capital
- B. goddwill and credit revaluation
- C. assets and credit capital
- D. capital and credit assets
Correct Answer: B. goddwill and credit revaluation
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