Treatment of Goodwill in Retirement and Death of Partner | Class 12 Accounts | Easy Explanation

📘 Class 12 Accounts - Partnership Chapter
In this video, we have explained the treatment of goodwill during the retirement or death of a partner in a partnership firm. This is one of the most important topics for CBSE board exams and school tests. Watch till the end to understand the journal entries and logic with simple examples.

👉 Covered in this video:

What is Goodwill?

Why is it adjusted during retirement or death?

Journal entries for goodwill

Gaining ratio concept

Practical examples for clarity

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