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Why new partner bring goodwill?

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Why new partner bring goodwill?

Posted by Himanshu Garg 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Samarpita Modi 8 years, 2 months ago

New partner takes the profit of the existing partners . The profit of the firm increases because of the existing partners. For sacrificing some profit for the new partner, new partner have to bring goodwill for the sacrificing partner

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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