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Reconstitution of Partnership (Admission of Partner) — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyReconstitution of Partnership (Admission of Partner)1 Mark
Question
On what single factor does the valuation of goodwill primarily depend?
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Answer

The most important factor of the valuation of goodwill is the profit earning capacity of the firm.

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