On admission of a new partner, the method of valuation of goodwill is decided by:
A. the new partner only
B. the old partners only
C. the old partners and the new partner
D. the accountant of the firm
Answer:C
On admission of a new partner, the method of valuation of goodwill is decided by:
A. the new partner only B. the old partners only C. the old partners and the new partner D. the accountant of the firm