Question

why should be partners pay good will?
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Answer 1

$\huge \underline \mathbb {SOLUTION:-}$

Because the new partner is going to share the profit of the firm in future. This profit is the result of Goodwill maintained by the old partners. Hence the new partner is required to bring the amount of Goodwill for his share.

Answer 2

$answer$

Because the new partner is going to share the profit of the firm in future. This profit is the result of Goodwill maintained by the old partners. Hence the new partner is required to bring the amount of Goodwill for his share.

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