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Needed a Document for hidden goodwill?
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Needed a Document for hidden goodwill? Related: Admission of a New P...
Hidden Goodwill
Hidden Goodwill means the value of goodwill that is not specified at the time of admission of a partner. If the new partner requires to bring the share of goodwill, then, in this case, we have to calculate the value of the firm’s goodwill.
Difference between the capitalized value of the firm and the net worth of the firm is treated as the value of Hidden Goodwill. In other words, we can say hidden Goodwill is the Inferred Goodwill. This is not given in question but is implied from brought in capital by the new partner for his share in the firm.
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Needed a Document for hidden goodwill? Related: Admission of a New Partner - Class 12, Accountancy?
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Needed a Document for hidden goodwill? Related: Admission of a New Partner - Class 12, Accountancy? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Needed a Document for hidden goodwill? Related: Admission of a New Partner - Class 12, Accountancy? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Needed a Document for hidden goodwill? Related: Admission of a New Partner - Class 12, Accountancy?.
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