Accountancy, asked by manikant567, 8 months ago

Premium of goodwill distributed which ratio

Answers

Answered by gokadilikitha

Answer:

Premium for goodwill means amount to be paid by new partner for gaining a share in the goodwill of the firm. I will explain you this with the help of an example: Example: A and B share profits in the ratio 3:2. C is admitted to the partnership and their new profit sharing ratio is 5:3:2.

Explanation:

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