English, asked by thirupvi720, 21 days ago

time of admission an incoming partner contribute as goodwill​

Answers

Answered by bijo7979
1

Explanation:

Due to admission of a new partner, old partners have to share their part in their value of goodwill created till date. Hence they (old) partners wants contribution from new partner for their compromise in the value of goodwill for new partner. New partner would compensate to old partners in their sacrificing ratio.

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