Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

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Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ACCOUNTING

JAMB 2006 - Question 39

Account 2006 JAMB Past Questions - Question 39: When goodwill is not retained in the business, the entries in the new partners' books will be to debit

Choose the most appropriate option for the gap .

When goodwill is not retained in the business, the entries in the new partners' books will be to debit

A: good account and credit partners' capital account

B: partners' capital account and credit goodwill account

C: cash account and credit goodwill account

D: goodwill account and credit cash account

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ACCOUNTING

Account 2006 JAMB Past Questions - Question 39: When goodwill is not retained in the business, the entries in the new partners' books will be to debit

Examkit's JAMB CBT App

Correct Answer

Explanation