Treatment for goodwill in books


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 March 2014 Dear All,
Please suggest what will be treatment for goodwill payment when some firm has converted into private limited. also mention how goodwill acn be written off in books & treatment for amortisation

12 March 2014 Goodwill A/c Dr
To Bank A/c

Goodwill should be written off over a period of 5 years.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 March 2014 Do we need to formulate any accounting policy for this??

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 March 2014 Do we need to formulate any accounting policy for this??


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query