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RP
Question Practice

If Asha transfers part of her share of profits to her son Ashish, how does this affect the goodwill calculation?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

If Asha transfers part of her ...

Single Answer MCQ
Q-00082102

If Asha transfers part of her share of profits to her son Ashish, how does this affect the goodwill calculation?

1

No effect on goodwill

2

Goodwill is adjusted downward

3

Goodwill is calculated on total firm value

4

Goodwill gets revalued up

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