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What is Goodwill? If it is treated as asset in
Balancesheet then what is on its opposit side i.e.
liability side.
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Answer Posted / niks
Goodwill gets generated when PC > assets taken over at point
of purchase of other organisation.
If, PC<assets taken over, it's Capital Reserve. So, my
answer is 'Capital Reserve'
Or in case of partnersjip firm
it wud be raised by crediting capital accounts of paertners
| Is This Answer Correct ? | 0 Yes | 4 No |
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