State any three circumstances other than (i) admission of a new partner, (ii) retirement of a partner and (iii) death of a partner, when need for valuation of goodwill of a firm may arise.
State any three circumstances other than (i) admission of a new partner, (ii) retirement of a partner and (iii) death of a partner, when need for valuation of goodwill of a firm may arise.
Anurag Pathak Changed status to publish April 19, 2023
Solution:-
The need for valuation of goodwill arises:
- When there is a change in the profit-sharing ratio.
- When a partnership firm is sold as a going concern.
- when two or more firms amalgamate.
Anurag Pathak Changed status to publish April 19, 2023
