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What is the goodwill, how it will be calculeted.can
Goodwill posted on laibiltes side Balance sheet.
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Answer Posted / h.r. sreepada bhagi
In the above answer posted by me instead of mentioning
Goodwill should be shown only on the Assets side, I have
mentioned as on the Liabilities side by oversight. I regret
the mistake & request the readers to note the correction.
GOODWILL CAN NOT BE SHOWN ON THE LIABILITIES SIDE, IT WILL
APPEAR ON THE ASSETS SIDE OF THE HORIZONTAL BALANCE SHEET OR
UNDER 'APPLICATION OF FUNDS' IN VERTICAL BALANCE SHEET.
| Is This Answer Correct ? | 2 Yes | 0 No |
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