Admission of a Partner: Treatment of Goodwill in 10 Mins! | Class 12 Accounts Revision скачать в хорошем качестве

Admission of a Partner: Treatment of Goodwill in 10 Mins! | Class 12 Accounts Revision

Struggling with the treatment of Goodwill during the admission of a new partner? In this fast-track revision, we break down all the accounting treatments—from Premium for Goodwill to hidden goodwill—so you can solve any board exam question with confidence. ​[Key Topics Covered] ​When Goodwill is paid privately. ​New partner brings share of Goodwill in Cash. ​New partner does NOT bring Goodwill in cash (Current A/c method). ​Treatment of existing Goodwill in the Balance Sheet. ​Concept of Hidden Goodwill. ​[Quick Reference Table] | Scenario | Journal Entry Debit | Journal Entry Credit | | :--- | :--- | :--- | | Goodwill in Cash | Cash/Bank A/c | Premium for Goodwill A/c | | Distributing Premium | Premium for Goodwill A/c | Sacrificing Partners' Capital A/c | | Goodwill not in Cash | New Partner's Current A/c | Sacrificing Partners' Capital A/c | If this video helped you clear your concepts, don't forget to Like and Subscribe for more Class 12 Accountancy "One-Shot" revision videos! ​#Class12Accounts #AdmissionOfPartner #Goodwill #AccountancyRevision #BoardExams2026