State 'True' or 'False'When goodwill is paid privately, no entry in th

1.	State 'True' or 'False'When goodwill is paid privately, no entry in the books of account is required.OptionsTrueFalse
Answer» True Explanation: Goodwill/Premium paid outside the business does not have any link with the business; so, no entry is recorded in the books of accounts.

State 'True' or 'False'When goodwill is paid privately, no entry in the books of account is required.OptionsTrueFalse

Answer»

True

Explanation: Goodwill/Premium paid outside the business does not have any link with the business; so, no entry is recorded in the books of accounts.

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State 'True' or 'False'When goodwill is paid privately, no entry in the books of account is required.OptionsTrueFalse

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