Question

Mons
1 किसी साझेदार के अवकाश ग्रहण करने पर ख्याति के लेखे की विधियों का वर्णन कीजिए।
describe the methods of treatment of goodwill on retirement of a partner.​

Answer 1

Answer:

Goodwill of the firm is valued in the manner prescribed by the partnership deed. If there is no such clause in the partnership deed, it will be valued by mutual consent or arbitration. Retiring partner’s share of goodwill is then ascertained which depends on the share of profits the retiring partner has been getting. The retiring partner’s capital account is credited with his share of goodwill and the amount is debited to the remaining partners’ capital accounts in the ratio of their gain.

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. ... Therefore all continuing partners pay to retiring partner the share of Goodwill in gaining ratio.

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