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When goodwill already appears in the books of accounts, what should be the desired option...

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Question

Accounting

When goodwill already appears in the books of accounts, what should be the desired option under those circumstances?

a.

Goodwill account is to be continued and no journal entries to be passed

b.

None of these are correct

c.

Goodwill account should be closed as it is the best option

d.

Goodwill treatment is least important in partnership business

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