State any three circumstances other than (i) admission of a new partner, (ii) retirement of a partner and (iii) death of a partner, when need for valuation of goodwill of a firm may arise.

Explanation

1) In case of a change in the profit sharing ratio of the firm;


2) In case of admission of a new partner;


3) In case of retirement or death of an old partner;


4) In case of Sale / amalgamation of the firm.