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Question 34

Goodwill is recognized in partnership accounts when

  • A.The business makes a huge profit
  • B.The business has good customer relationship
  • C.A partner is dormant
  • D.A new partner is admitted
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2015
Question no.
#34
Type
Objective
Previous · Q33The accounting concept that states that a firm's financial affairs must be… Next · Q35 In which of the following is not stated in the partnership agreement?

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