ACCOUNTS

ACCOUNTS . Introduction . Nature of goodwill . Factors determining the value of goodwill of a partnership firm . Need for valuation of goodwill of partnership firms . Classification of goodwill . Methods of valuation of goodwill To enable the students to  Understand the need for valuation of goodwill in partnership firm and factors that determine the value of goodwill  Understand the different methods of valuation of goodwill  Goodwill  Average profit  Normal profit  Super profit Contents Learning objectives