Self Generated goodwill - it cannot be shown in the balancesheet as there is no cost for it
Acquired goodwill can be shown in the asset side.....WHEN GOODWILL IS ACQUIRED EQUIVALENT CASH/BANK WOULD HAVE GONE OUT.......
SO it automatically offsets...
POR is a capital loss to be adjusted with Securities Premium account and if there is no balance in Securities premium account, it can be adjusted in P & L Balance.
CAclubindia
