CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

Short answer type question:
For which share of goodwill a partner is entitled at the time of retirement?


Solution

At the time of retirement of partner, retiring partner is entitled to his share of goodwill i.e., in his profit sharing ratio in the firm. Goodwill is valued as per the agreement or partnership deed and is compensated by remaining partners in their gaining ratio.

Accountancy

Suggest Corrections
thumbs-up
 
0


similar_icon
Similar questions
View More


similar_icon
People also searched for
View More



footer-image