KINDLY LET ME KNOW..... IN WHICH CASES GOODWILL IS INCLUDED IN CALCULATION OF PURCH. CONS. BY NET ASSET METHOD.?
WHEN ARE INCLUSIONS OF GOODWILL MADE INTO LEDGERS?
SIDHARTH DHIR (senior articled assistant) (623 Points)
25 April 2010KINDLY LET ME KNOW..... IN WHICH CASES GOODWILL IS INCLUDED IN CALCULATION OF PURCH. CONS. BY NET ASSET METHOD.?
WHEN ARE INCLUSIONS OF GOODWILL MADE INTO LEDGERS?
Varun Jain
(CA, B.com )
(392 Points)
Replied 27 April 2010
When goodwill is given in adjustment then we follow net asset method and the same will include in the calculation of purchase consideration and at last goodwill will be shown in the asset side of balance sheet of purchasing company.
CAclubindia
