Question 29
Partnership Admission, Retirement and DissolutionWhich of the following cannot be realized?
- A.Debtors
- B.Creditors
- C.Fixtures
- D.Goodwill
- E.Motor vehicles.
Show the answer and explanation
Answer: D (Goodwill)
Explanation
Goodwill cannot be sold on its own apart from the business, so it is not realised like other assets.