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Why is goodwill share added in final settlement of a deceased partner?

Answer and explanation

Correct answer: Because he was a partner in firm reputation up to death

The deceased partner contributed to building firm goodwill. Therefore his share is added to executor account.

Related tags

GoodwillDeathSettlementGoodwill SettlementReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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