Question

valuation of goodwill is necessary at the time of....?​

Answer 1

Answer:

Valuation of goodwill is necessary when

• there is a change in profit sharing ratio
• a new partner is admitted
• a partner retires or dies
• two or more firms amalgamate.

Answer 2

Answer:

goodwill is a special type ifintagible assets that represents that portion of the entire business value that can't be attributed to other income producing business assets, tangible or intangible. NEED FOR VALUATION OF GOODWILL, generally goodwill may be valued at a time of disposable of business of the firm.

i hope its helpfull