Intangible assets
This query is : Resolved
08 September 2011
HOW SHOULD THE INTANGIBLE ASSETS BE TREATED???? SHOULD IT BE TREATED LIKE THE ORDINARY ASSETS ITSELF OR SOME OTHER WAYS???? example: goodwill a/c while the admission of a new partner EXPLAIN THIS WITH AN EXAMPLE AND JOURNAL ENTRY AND PLEASE EXPLAIN THE JOURNAL ENTRY TOO...........PLS........THANKING U IN ADVANCE!!!!!!!!
26 September 2011
As per new AS - 26 only the purchased goodwill is to be shown in the books
Message likes :
1 times
26 September 2011
You are right the Intangible asset is to be dealt in the same lines with normal asset generally, only differs in depreciation point plus recognition criteria.
Message likes :
1 times
26 September 2011
Self-generated Fixed Assets r required to be recognised as Asset whereas self generated goodwill, brand etc are not recognised as asset
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
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Management System (IMS)
- EPF FULL & FINAL RULES IN 2026
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
