Doubt

Accountancy

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

696

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)

ruchi lahoti

CA Inter

★ 27K+

23-Jan-21 10:29

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