Accountancy, asked by kaura9869, 9 months ago

write the need for valuation of goodwill​

Answers

Answered by mugdha10
3

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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Answered by devisavitri90645
0

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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