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प्रश्न
Why a retiring/deceased partner is entitled to a share of goodwill of the firm?
टिप्पणी लिखिए
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उत्तर
Goodwill is an intangible asset of a firm that is earned by the efforts of all the partners of the firm. After the retirement or death of a partner, the fruits of the past performance and reputation will be shared only by the remaining partners. Thus the remaining partners should compensate the retiring or the deceased partner by entitling him/her a share of firm's goodwill.
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