Hidden Goodwill is : (
This question was previously asked in
Shift 11/06/2023 3:30 PM - 6:30 PM
A
not disclosed to partners
B
Inferred from the arrangement of capital and profit sharing ratio
C
Brought into the book of accounts as an unrecorded Assets
D
not considered while calculating the capital contribution of new partner
Correct Answer
Inferred from the arrangement of capital and profit sharing ratio
Detailed Explanation
Hidden Goodwill refers to the goodwill that exists in a partnership but is not shown in the books and accounts. It is typically not disclosed to the partners and is often inferred from the arrangement of capital and profit-sharing ratios.
So, the correct option is:
(2) Inferred from the arrangement of capital and profit-sharing ratio.
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