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When is goodwill settlement done on the death of a partner?

Answer and explanation

Correct answer: While calculating his entitlement on the date of death

The deceased partner final claim is calculated up to the date of death and may include goodwill. In exams note the date of death settlement.

Related tags

AccountancyDeath Of PartnerSettlementGoodwill SettlementReconstitution Retirement Or Death Of A PartnerClass 12 Mcq

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