Accountancy, asked by richa8071, 1 year ago

the Goodwill about by one new partner is withdrawn by old partner in their which ratio​

Answers

Answered by 1keshav123
4

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☢️When a new partner is admitted, Goodwill of the business is valued afresh. The value of Goodwill is the value relating to the total business including the existing Goodwill. ... This excess value of Goodwill should be credited to existing partners capital accounts in their profit sharing ratio.

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