Can any one tell me how good will is calculated and how it was shared to partners for the given problem
sai t
CA Foundation
★ 2K+
22-Jan-21 21:35
295
Answers (1)
Goodwill appearing in balance sheet is written off as it should not appear in the books of new firm
Goodwill in adjustments is passed through partner's capital account (1,00,000x1/5 = 20,000)