Accountancy, asked by aqsanaseem, 6 months ago

Explain the accounting treatment of Goodwill in case of admission of a new partner​

Answers

Answered by rashmi1987dhiman
9

Answer:

mark as brainlist pls

Explanation:

Accounting treatment, in case of death of a partner

Since in future profits will arise because of the present goodwill. The retiring or the deceased partner will not be sharing future profits. Therefore all continuing partners pay to retiring partner the share of Goodwill in gaining ratio

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