27 April 2013
In which condition goodwill account will be opened and then we willwrite off ???? Why cant we adjustment through capital accounts of partners.?????
10 June 2013
In the existing business which is 3 to 4 years old when a new partner is admitted a Goodwill account is created and the same is closed by adjusting the capital of the old partners and new partners.
CAclubindia
