On what occasions does the need for valuation of goodwill arise? – InterviewSolution

1.

On what occasions does the need for valuation of goodwill arise?

Answer»

Need of valuation of goodwill arises on the following occasions:-

(i) Change in profit sharing ratio of existing partners.

(ii) Admission of a partner.

(iii) Retirement of a partner.

(iv) Death of a partner.

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