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What is the entry for Good will payment? (received money
for Good will)
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bank a/c................Dr.
to goodwill a/c
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / sangeethag
If not recognized Good will as asset before the payment entry
to be recorded as follows:
Bank Dr. *****
To Goodwill (Income P&L) *****
| Is This Answer Correct ? | 4 Yes | 1 No |
how will rectify the error in trial balance.
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