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Why premium is brought in by …

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Why premium is brought in by new partner and is distributed among sacrificing partner

Posted by Komal Garg 6 years, 4 months ago

CBSE > Class 12 > Accountancy

4 answers

Gaurav Asija 6 years, 4 months ago

to compensate the sacrificing partner

Himanshu Jha 6 years, 4 months ago

Premium for goodwill is brought in by new partner because , when new partner comes than existing partners sacrifice or gain , those partners who sacrifice some share in favour of incoming partner . he will get compensated through incoming partner as the premium for goodwill .

Avneesh Singh 6 years, 4 months ago

Premium brought by new partner were distributed among sacrificing partner because the new partner is coming and bringing premium as capital or godwill there fore existing partners distibute them .

Aatyant Jaiswal 6 years, 4 months ago

By giving the premium of goodwill new partner is compensated the old partners profit reduction

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