In a partnership Firm While doing audit a partner go away from from Firm as this Date his balance is 950000 But he have recived Rs 1500000 to go away from firm New partner entered with a capital of 500000 the old partner Who recived Excess is Goodwill Or what please Reply
yes that is the goodwill ..... the excess payment of rs 550000 shld bring by the remaining partner in gain ratio
yes the excess amount is goodwill.
yap the excess amount is goodwill definitely
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