1.

Explain any three factors determining the value of goodwill in a partnership firm.

Answer»

Factors determining goodwill: 

1. Profitability of the firm 

2. Favourable location of the business enterprise 

3. Good quality of good i and services offered 

4. Tenure of business enterprise 

5. Efficiency of management 

6. Degree of competition 

7. Other factors



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