Internal reconstruction

A/c entries 127 views 1 replies
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Chartered Accountant
100 Points Joined September 2015

Hi Friends!!!!  Wishing You a very happy new year!!!!

I have a query regarding the entries passed in internal reconstruction!!!. I want to know the logic behind debiting "GOODWILL" A/c in case of reconstruction loss.... Can anyone please explan me in detail. Thank You!!!!

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On 24 January 2017 at 15:21 Report
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Student
90 Points Joined October 2013

Any expesnes in relation to reconstruction is a type of CAPITAL NATURE...hence it is assumed to be goodwill...which we write it off later on..

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On 04 February 2017 at 13:30


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