What is the need for valuation of goodwill?
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Explanation:
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Answer: The need for valuation of goodwill arises.
When there is a change in the profit-sharing ratio
When a new partner is admitted
When a partner retires or dies
When a partnership firm is sold as a going concern
When two or more companies amalgamate
When a partnership firm is converted into a company
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Answer:
valuation of goodwill is that if we think good things we never got bad things we always got best in life.
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