At the time of death, the share of the deceased partner is taken over by the continuing partners who benefit from his exit. These gaining partners compensate the deceased partner for his share of goodwill in their gaining ratio.
Select the partner(s) who will compensate the deceased partner for the share of goodwill at the time of death.
Held on 20 Jun 2023 · Verified 13 Jul 2026.
Remaining Partner(s)
All Partners
Sacrificing Partner(s)
Gaining Partner(s)
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As per AS-26 Intangible assets like goodwill should be written off.
The liability of partners is
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Work through every CUET UG Partnership PYQ, year by year.