Do you agree or disagree with the statement: When the Goodwill is written off goodwill account is debited.
Q.1 (D) (iii) Do you agree or disagree with the statement: When the Goodwill is written off goodwill account is debited.
1 answer
Best answer
Answer: Disagree
When goodwill is written off, partners' capital accounts are debited in the agreed ratio and Goodwill Account is credited, which closes it.
Doubtly AI
· 28 Oct 2026
AI-generated · not yet verified
Report
Was this answer helpful?
Thanks for the feedback.
Sign up free to save answers and ask your own doubts
Your answer
Log in or create a free account to answer this question.