Question

The valuation of goodwill is not necessary in sole trading ​

Answer 1

Answer:

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Answer 2

The valuation of goodwill is not necessary for sole trading ​- False

• Valuation represents the method of measuring the intangible assets employed in the event of a transaction to assess the residual value of a company.
• In the case of a sole trading concern, at the time of the potential sale of an enterprise, goodwill valuation is appropriate to take another person as a partner to transform a sole trading concern into an enterprise.
• Also, the goodwill is valued to accurately determine the purchasing consideration at the time of selling the die business.