goodwill
This query is : Resolved
07 September 2010
At the time of retirement can goodwill be raised by debiting Goodwill a/c and crediting Partners capital a/c in any case.
07 September 2010
If there is a provision in the deed of partnership that the retiring partner will have the share in the goodwill of the firm at the time of his retirement.
08 September 2010
Yes:
1.If the deed provides for share of retiring partner, as mentioned by CA Pramod Saraogi
2.If the parners agree to do show for adjusting the outgoing partner's share.
3. If the firm is not required to adopt AS - 26 whic requires inherited goodwill cannnot be accounted for.
1.If the deed provides for share of retiring partner, as mentioned by CA Pramod Saraogi
2.If the parners agree to do show for adjusting the outgoing partner's share.
3. If the firm is not required to adopt AS - 26 whic requires inherited goodwill cannnot be accounted for.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- Annual return in Gst
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
