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State Whether the following Statement is True or False: A retiring partner is entitled to have a share in the goodwill of the firm.

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Question

State Whether the following Statement is True or False:

A retiring partner is entitled to have a share in the goodwill of the firm.

True or False
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Solution

The statement is true.

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Chapter 4: Retirement or Death of a Partner - OBJECTIVE TYPE QUESTIONS [Page 4.157]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 4 Retirement or Death of a Partner
OBJECTIVE TYPE QUESTIONS | Q (B) 7. | Page 4.157
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