Do you agree or disagree with the statement: A deceased partner is not entitled to Goodwill of the Firm.
Q.1 (D) (v) Do you agree or disagree with the statement: A deceased partner is not entitled to Goodwill of the Firm.
Q.1 (D) (v) Do you agree or disagree with the statement: A deceased partner is not entitled to Goodwill of the Firm.
Best answer
Answer: Disagree
A deceased partner helped to build the goodwill of the firm, so his share of goodwill is credited to his capital account and paid to his legal heirs (executors).
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