Goodwill
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 September 2011
Sir what is the reason for the fact that in case of dissolution of a firm,the firm cannot show goodwill in the ordinary course of business but is only shown at the time of sale of such business
05 September 2011
becz as per AS-10, self generated assets can't be shown such as GW. but at the time of purchase or sale, u may end up payong more tha n the Book Value which is GW and that u need to sho it becz u have paid for it.
06 September 2011
I agree with the expert
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