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Good will

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 February 2016 Plz let me know below query

Good will is current asset or Fixed asset?
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 February 2016 How should i entry in tally guide me
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ADVOCATE CA MOHIT SURESH GUPTA

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ADVOCATE CA MOHIT SURESH GUPTA (Expert)
22 February 2016 Goodwill is an intangible asset. So it will come under fixed assets.

For entry, goodwill will be added to partner capital in liability side and intangible asset under fixed assets in asset side of balance sheet
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 February 2016 Thanks for Ur Above support

In Tally ERP 9 How should i pass journal Entry Guide me.......
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