Why should a new partner contribute towards goodwill on his admission? (Delhi 2017 C) Post category:Accountancy Reading time:1 mins read SOLUTION A new partner should contribute towards goodwill in order to compensate the existing partners for sacrificing their profit shares in his or her favour. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostA new partner acquires two main rights in the partnership firm which he joins. State one of the rights. Next PostAt the time of admission of a new partner in the firm, the new partner compensates the old partners for their loss of share in the Super Profits of the firm for which he brings in an additional amount which is known as__. (CBSE 2020) You Might Also Like Under which type of activity will you classify ‘Proceeds from sale of patents’ while preparing Cash Flow Statement? October 4, 2022 XYZ. Ltd. provided the following information, calculate Net Cash Flow from Financing Activities: August 18, 2022 What is meant by forfeiture of shares? September 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Under which type of activity will you classify ‘Proceeds from sale of patents’ while preparing Cash Flow Statement? October 4, 2022
XYZ. Ltd. provided the following information, calculate Net Cash Flow from Financing Activities: August 18, 2022