how do we write off goodwill or items of balance sheet from P&L account
Menu
Cpt accounts
Replies (1)
Goodwill and such items in balance sheet , benefits of which will accrue over a period of time, should be accordingly amortized over a period of time say 3 or 5 or 7 years.
Simply credit the Goodwill /Asset a/c and debit P & L a/c.
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
