Question

write the need for valuation goodwill​

Answer 1

Answer:

Goodwill is recorded in the books only when some consideration in money or money's worth is paid for it. Thus, in the context of a partnership firm, the need for valuation of goodwill arises at the time of: Change in the profit sharing ratio amongst the existing partners. Admission of a new partner......

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Answer 2

Goodwill is recorded in the books only when some consideration in money or money's worth is paid for it. Thus, in the context of partnership firm the need for valuation of goodwill arises at the time of change in profit sharing ratio amongst the existing partners .