Advertisements
Advertisements
प्रश्न
Why should a new partner contribute towards goodwill on his admission?
लघु उत्तर
Advertisements
उत्तर
When a new partner joins a partnership, they receive a share of the profits from the existing partners. To account for this, the new partner compensates the old partners for the share of profits that they have to give up. This compensation is known as goodwill.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
