Purchase good will from X company for 10 years for 100 lakhs (brand name)
what will be the accountanting treament entry per year will be come that is 100 lakhs/10 = 100000 per year
or Consolidated entry for first year for
100 lakhs for first year
(How to write of this expenditure some part for every year or total amount in one year ) 
Menu
Accounting treament
Replies (2)
IT SHOULD BE WRITTEN OFF OVER THE PERIOD OF YEARS. DEBIT BRAND NAME AND CREDIT PARTY OR BANK OR CASH AS THE CASE MAY BE. BRAND NAME IS FIXED ASSET. EVERY YEAR WRITE OFF PROPORTIONALLY OVER 10 YEARS.
he is right..
Recent Topics :
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
Related Topics :
CAclubindia
