Question: A and B are in partnership, sharing profits and losses equally. C is admitted as a new partner. The three partners will share profits

A and B are in partnership, sharing profits and losses equally. C

A and B are in partnership, sharing profits and losses equally. C is admitted as a new partner. The three partners will share profits and losses A one half, B and C one quarter each one of them. Total goodwill is valued at OMR90,000. Which of the following goodwill adjustments is/are correct regarding the admission of partner C: A) Credit A capital account by OMR 45,000 B) Debit B capital account by OMR 22,500 C) Debit C capital account by OMR 22,500 D) Credit C capital account by OMR 45,000

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