Hi,
Who told you all that the standard setters are correct? Internally generated goodwill vs external. Who told anyone that internally generated goodwill is not equal to externally generated goodwill. The English, per say, is rude, so you accept that? Anyways, internal goodwill is customer lists and parties and expensed but it can be named as external goodwill cause you you never earned anticipated within. When i write a wrong answer, rarely that is, and that also means mca wrote the principles wrong. Any expert who wants to argue with me can leave a comment. Internal goodwill is between related parties isnt it? But who told you all that your good in english? Internally generated goodwill? Compliance issue
Reg
Txs
CAclubindia
