what is a journal entery of goodwill?

Answer Posted / venkata mohan reddy allu

Good will A/c ------DR

TO Abc company

Is This Answer Correct ?    8 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the basic difference between pooling of interest method and purchase method in amalgamation

3203


Do you know balancing in accounting?

625


What is recording damage inventory in books of account?

625


My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.

1762


what is consumer product accoutning?

1429






How will service tax & excise be charged?

652


What is the difference between inactive accounts and dormant account?

703


April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.

2706


How is an accounting department structured?

659


I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.

967


By saying, perpetual or periodic inventory system; what do we mean?

742


How to prepare in yearly turnover?

1681


IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?

1678


Expand ctc cheque?

631


What are the 5 basic accounting principles?

641