When there is need of calculating …
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Payal Singh 6 years, 9 months ago
The valuation of the Goodwill of a sole proprietorship is done when the business is being sold, but in case of a partnership firm and a joint stock company goodwill can be sold to some another business entity without selling the whole business. Hence when you are going to sell the goodwill of your business, you should be assured of the value of your goodwill at that particular time.
In case of a Partnership firm, there is a need for the valuation of Goodwill of the Firm in the following cases:
In case of a Joint Stock Company, Goodwill is valued in the following circumstances:
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