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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

State any two circumstances under which the goodwill of a partnership firm is valued. - Accountancy

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Question

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

Short Note

Solution

  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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Factors Determining the Value of Goodwill of a Partnership Firm
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Chapter 4: Goodwill in partnership accounts - Very short answer questions [Page 2]

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Samacheer Kalvi Accountancy [English] Class 12 TN Board
Chapter 4 Goodwill in partnership accounts
Very short answer questions | Q II 5. | Page 2
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