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Good will

sir good will is an asstet which will be having be having debit impact what is the credit impact for good will

Shreesha .T.u

CA Foundation

★ 495

16-Mar-21 19:07

Answers (2)

credit side of goodwill Is decreasing in value of asset that means loss inits value

sai t

CA Foundation

★ 295

17-Mar-21 08:12

Important point:only when goodwill is purchased it should be recorded in books of accounts IE balance sheet When value of goodwill is not given it will be calculated by using concept of hidden goodwill

sai t

CA Foundation

★ 295

17-Mar-21 08:16

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