The double entry in the books to write off goodwill is

The double entry in the books to write off goodwill is
  • A.
    debit Goodwill account, credit capital account
  • B.
    debit Goodwill account, credit revaluation account
  • C.
    debit profit and loss appropriation account, credit Goodwill account
  • D.
    debit Trading account, credit Goodwill account
Correct Answer: Option C
Explanation
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