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Goodwill in liabilities side

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(Querist)
12 June 2008 Goodwill will be shown in asset side, then what is its effect in liabilities side?
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CMA Jitendra Singh

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CMA Jitendra Singh (Expert)
08 September 2008 To acquire the goodwill ;the purchase amount will be paid by bANK OR CASH ,SO NET THE BALALNCE SHEET WILL BE TALLIED

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