how to reflect valuation of Brand Name


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Querist : Anonymous

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Querist : Anonymous (Querist)
19 November 2010 we have made valuation of brand and goodwill of our business that is owned by a Pvt. Ltd. Co. The business is eshtablished 15 years ago. Now my question is How to reflect this valuation in the Books of Account. in other words is there any way to bring the value of Goodwill/brand name in the Balance sheet?

20 November 2010 Goodwill A/c. Dr.
To Partners Capital A/c.

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 November 2010 that is owned by a Pvt. Ltd. Co.


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