📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug âš¡ Enroll Now

    Question

    After dissolution of the firm, goodwill of the firm __.

    A Can be sold Correct Answer Incorrect Answer
    B Cannot be sold Correct Answer Incorrect Answer
    C Can be sold with certain restrictions Correct Answer Incorrect Answer
    D Can be sold partially. Correct Answer Incorrect Answer

    Solution

    S. 55 SALE OF GOODWILL AFTER DISSOLUTION . (1) In settling the accounts of a firm after dissolution, the goodwill shall, subject to contract between the partners, be included in the assets, and it may be sold either separately or along with other property of the firm.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call