1.

3. Goodwill is accounted in the books if (a) It is a Purchased Goodwill(b) It is a Self-Generated Goodwill(c) It is decided to be accounted by the Partners(d) Its amount is paid by the Gaining ratio​

Answer»

As per 26 only PURCHASE goodwill will be RECORDED in book of ACCOUNTS When goodwill is purchase by the firm in a consideration in cash or kinds of cash it shown in the BALANCE sheet.a option is correctExplanation:



Discussion

No Comment Found

Related InterviewSolutions