Inclusion of goodwill in comp. of closing capital employed?

CA girl (Article Trainee-CA Final)   (1942 Points)

22 July 2015  

Hi All

          For Valuation of goodwill, few problems in MP.Vijaykumar's book includes value of purchased goodwill in computation of closing capital employed while few others do not, Should the value of purchased goodwill be included for computation of closing capital employed or not?