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Accounting of goodwill in consolidated financial statements
Dear All,
In my case, Company H Ltd has acquired shares 100% shares of Company S Ltd during the FY 2015-16. On the date of Acquisition, S Ltd had Negative Net worth of Rs. (15 Lakhs). H Ltd has paid Rs. 5 Lakhs to old shareholders. Please tell in this case how much goodwill i have to recognize in consolidated financial statements? Whether it will be Rs. 5 lakhs or Rs. 20 lakhs or any other amount?
Replies (4)
20 lakhs has to be recognised
agreed with Nikhil.
Dear Nikhil,
Thanks for your reply.
Dear Puja,
Thanks for your reply..
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