irning paruier wnen he leaves thaxplain the accounting treatment of go

1.	irning paruier wnen he leaves thaxplain the accounting treatment of goodwill on retirement of a partner.
Answer» Thegoodwillamounts to the excess of the "purchase consideration" (the money paid to purchase the asset or business) over the total value of the assets and liabilities. It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched. Asked is that what is treatment when a partner retires from business

irning paruier wnen he leaves thaxplain the accounting treatment of goodwill on retirement of a partner.

Answer»

Thegoodwillamounts to the excess of the "purchase consideration" (the money paid to purchase the asset or business) over the total value of the assets and liabilities. It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched.

Asked is that what is treatment when a partner retires from business

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irning paruier wnen he leaves thaxplain the accounting treatment of goodwill on retirement of a partner.

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