guys, sharma sir has taught not to include goodwill while calculation capital employed , but ICAI Manuals are including it, morover debtor revaluation is not being considered in ICAI suggested Answer in FMP Caalculation. Please Advise.
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Accounts valuation chapter
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Please go ahead with Sharma Sir approach as Current assets revaluation ill be considered while calculating FMP.
And Goodwill will be considered while calculating I.V
Suggested answer may differ as per Sharma Sir and ICAI approach. Does'nt matter as even answer given in SFM may differ from what we taught by other teachers.
Good luck!
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