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I can't understand what is given in the text (attached below), please explain me

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venkatesh sundharamoorthy

venkatesh sundharamoorthy

CA Inter

31K+

16-Mar-21 06:56

22

Answers (3)

Best Answer

Ok mam, but what about the last sentence goodwill gets automatically adjusted FOR THE SECURITIES PREMIUM

That is what they mean, goodwill will not appear and get adjusted with securities premium, if entries are made at par.


ruchi lahoti

ruchi lahoti

Moderator

16-Mar-21 12:26

If entries are made at par value, then goodwill account would not be created


ruchi lahoti

ruchi lahoti

Moderator

16-Mar-21 12:21

Ok mam, but what about the last sentence goodwill gets automatically adjusted FOR THE SECURITIES PREMIUM


venkatesh sundharamoorthy

venkatesh sundharamoorthy

CA Inter

31K+

16-Mar-21 12:24

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