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P1 C3 VALUATION OF GOODWILL — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C3 VALUATION OF GOODWILL1 Mark
Question
When valuation of goodwill ls necessary?
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Answer

In case of purchase or sales of the business or when status of the business changes, valuation of goodwill is necessary.

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