Give the name of the compensation which is paid by a new partner to sacrificing partners for sacrificing their share of profits.
Give the name of the compensation which is paid by a new partner to sacrificing partners for sacrificing their share of profits.
Anurag Pathak Changed status to publish July 18, 2023
The share of future profits which the incoming partner will receive is due to the sacrifice of profit by an existing partner or partners of the firm. The compensation he pays against this sacrifice is called Goodwill or Premium
Anurag Pathak Changed status to publish July 18, 2023
