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Why should a new partner contribute …

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Why should a new partner contribute goodwill on his admission

Posted by Nitin Bansal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Aman Deep Mittal 8 years, 3 months ago

Existing partners sacrifice their profit sharing ratio for the bew partner so in consideration or as compensation new partner contribute goodwill on his admission

Mariya Aasim 8 years, 3 months ago

Because he has not contributed to the existing goodwill which is maintained by the old partners. So they ask the new partner to give his share of goodwill

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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