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प्रश्न
Answer in one sentence only.
When is goodwill account raised in the books of the firm?
एक पंक्ति में उत्तर
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उत्तर
Goodwill Account is raised in the books of the firm at the time of admission of a new partner. The incoming partner brings his/her share of goodwill along to compensate the existing partners for the sacrifices made by them in the favour of the new partner.
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