what does it mean by goodwill raised ?
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Raising of goodwill is a process by which the value of goodwill of the entity is brought into or recorded into the book of account at the fair value as on that date.
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Raising of goodwill is a process by which the value of goodwill of the entity is brought into or recorded into the book of account at the fair value as on that date. ... This means that goodwill of a partnership firm is an internally self generated goodwill, that is, the firm itself evaluates the value of its goodwill.
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