Accountancy, asked by AbelEliasLalji, 9 months ago

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

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Answered by jana07122002

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.

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

Answers

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