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If goodwill is not shown in books does it mean it has no value?

Answer and explanation

Correct answer: No it may have value and may be adjusted on retirement

Goodwill may exist as reputation value even if not shown in books. In exams do not ignore hidden goodwill.

Related tags

AccountancyHidden GoodwillConceptGoodwill SettlementReconstitution Retirement Or Death Of A PartnerClass 12 Mcq

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