at the time of purchasing subsidiary we booked some goodwill in our books of subsidiary.
but now all the fixed assests has been sold and most of the liabilities has been settled only few current assests and current liabilities remaining in subsidiary books along with goodwill.
which is not correct.
how to correct goodwill in books
which ind AS will be applicable
note company shares are unquoted.
Revaluation of goodwill necessary.
reorganization is necessary. pls send details at contactat @ easyaccountingaudittax.co.in
CAclubindia
