Financial reporting
This query is : Resolved
KRITIKA BHATNAGAR
(Querist)
30 September 2014
please tell me whether purchased goodwill is added to the assets while calculating capital employed?
CA R SEETHARAMAN
(Expert)
30 September 2014
Yes it has to be added.
KRITIKA BHATNAGAR
(Querist)
30 September 2014
thank you sir for replying.
But sir in many well recognised books it is clearly stated that goodwill should not be added to the assets for calculating capital employed.I am taking finanacial reporting classes from rahul sir of cci n he has also solved the question by adding purchased goodwill.please clear my doubt by providing appropriate reasons sir.
thank you
But sir in many well recognised books it is clearly stated that goodwill should not be added to the assets for calculating capital employed.I am taking finanacial reporting classes from rahul sir of cci n he has also solved the question by adding purchased goodwill.please clear my doubt by providing appropriate reasons sir.
thank you
CA R SEETHARAMAN
(Expert)
30 September 2014
For Purchased goodwill being money spent on it, it has to be included in capital employed.
KRITIKA BHATNAGAR
(Querist)
30 September 2014
ok sir thank you so much for providing your guidance
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