Accountancy, asked by AbelEliasLalji, 8 months ago

2. State the need for treatment of goodwill on admission of a partner.​

Answers

Answered by jana07122002
3

Answer:

Ans. When a new partner is admitted, his share in future profits of the firm is equal to the sacrifice of profit by an existing partner or partners of the firm. ... Therefore, it is important to treat goodwill at the time of admission of a partner.

Previous Question
Next Question
Similar questions
Math, 3 months ago
□LMNO is a rhombus, seg OP is perpendicular to side LM and seg OQ is perpendicular to side MN. Prove that seg OP is congruent to seg OQ.​ PLS. ANSWER FAST.....​ It's Urgent !
Hindi, 3 months ago
jawaharlal nehru ne dehaat ke logo ko hindustan ke baare mein kya bataya?​
Math, 3 months ago
length of a chord ofva circle is 24cm . if distance of the chord from the center is 5cm ,then the radius of that circle is _____​...
Math, 8 months ago
Rational number of 2. 0.89 in the in the simplest form:​...
Science, 8 months ago
uestions 1. Can you name the two organelles we have studied that contain their own genetic material? 2. If the organisation of a cell is destroyed due to some physical or chemical influence, what will happen? 3. Why are lysosomes known as suicide bags? 4. Where are proteins synthesised inside the cell?​
English, 11 months ago
(ix) How will you cross the river? change into passive voice​...
Computer Science, 11 months ago
hello guys please answer this question write down the data types of the following 1)integers 2)long integers 3)a fractional number 4)a special character ​...
Chemistry, 11 months ago
Charvi bought a beautiful key ring made of copper. In a month or so,it acquired a dull green coating. Explain why...