Sec 37

if the question is silent about treatment of goodwill, then goodwill will be written off in old profit sharing ratio of the old partners as well as the joint life policy.

It is said that goodwill is written off in the subsequent period.

what does 'subsequent period' imply??

Is it that entry for writing off goodwill comes after Deceased Partner's Legal Heir's Amount is ascertained??

reena it would be very helpful if you can post the whole queston as the parts of the questions doesnt specificlly tells what is the requirement

according to me goodwill is to be written off in the forth comming peroid it may be after the death or in the next financial year. If you can post the whole question then the exact answer can be determined