Math, asked by maan6170, 3 months ago

how to calculate goodwill in case of death of partner?

Answers

Answered by hassanalihassanali06

2

Answer:

The retiring or deceased partner is entitled to his share of goodwill at the time of retirement or death because the goodwill earned by the firm is the result of the efforts of all the partners in the past. ... The retiring or the deceased partner will not be sharing future profits.

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