Rahul K. Singh (Chartered Accountant) (100 Points)
24 January 2017I have a query regarding the entries passed in internal reconstruction!!!. I want to know the logic behind debiting "GOODWILL" A/c in case of reconstruction loss.... Can anyone please explan me in detail. Thank You!!!!
Ramesh
(Student)
(90 Points)
Replied 04 February 2017
Any expesnes in relation to reconstruction is a type of CAPITAL NATURE...hence it is assumed to be goodwill...which we write it off later on..
CAclubindia
