Why is incoming partner required to bring goodwill at the time of admission?

 
 
  • Mahesh Kumar answered Aug. 9, 2017, 1:18 p.m. at

    Instructor 0 likes | 8 answers

Because incoming partner is getting benefits of the goodwill of old established firm. Therefore he has to compensate for the sacrifice made by old partners share in future profits.

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asked on Jul 28, 2017 at 19:33

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