At the time of admission, the new partner brings in additional amount in the form of goodwill. For what it is used for ?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) →
To compensates the sacrificing partner(s).
At the time of admission, the new partner brings in additional amount in the form of goodwill. For what it is used for ?
Correct answer: option 2
The correct answer is Option (2) →
To compensates the sacrificing partner(s).