Retirement
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2011
Y is it that at the time of retirement ,profit or loss on revaluation is not considered for goodwill calculation ?
18 October 2011
This is because we already take the fair value/market value of the assets and liabilities independently for calculating goodwill.
Revaluation is done to reflect fair value of any asset in books.
Hence when we take fair value of assets while calculating goodwill, we dont need to give effect of revaluation for a second time.
Revaluation is done to reflect fair value of any asset in books.
Hence when we take fair value of assets while calculating goodwill, we dont need to give effect of revaluation for a second time.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
