Question

What is Goodwill? On what occasion does the need of the valuation of Goodwill arise?


​

Answer 1

Answer:

please mark brainlist

Explanation:

There are various circumstances when it may be necessary to value goodwill. Some of the circumstances are: (1) In the case of a partnership, when there is an admission, retirement, death or amalgamation, or a change in the profit sharing ratio take place, valuation of goodwill becomes necessary

Answer 2

$\huge \bold \color{orange}A \color{red}n \color{green}s \color{blue}w \color {purple}e\color {pink}r$

There are various circumstances when it may be necessary to value goodwill. Some of the circumstances are: (1) In the case of a partnership, when there is an admission, retirement, death or amalgamation, or a change in the profit sharing ratio take place, valuation of goodwill becomes necessary