State any two circumstances under which goodwill of a partnership firm – InterviewSolution

InterviewSolution

1.

State any two circumstances under which goodwill of a partnership firm is valued?

Answer»

1. When there is a change in the profit-sharing ratio.

2. When a new partner is admitted into a firm.

3. When an existing partner retires from the firm or when a partner dies.

4. When a partnership firm is dissolved.

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