Solution to goodwill accounts que 2

CA ANKUSH AGGARWAL (CHARTERED ACCOUNTANT) (2782 Points)

04 June 2014

Hey frendz....please find the attached solution to goodwill question asked in final accounts.Do comment so dat I could know mistake.

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3 Replies

CA MANIK KUMAR (Manager ) (710 Points)
Replied 04 June 2014

you should hv deducted pref div while calculating fmp

RAXIT PATEL (Student CA Final ) (107 Points)
Replied 05 June 2014

I assume profit before tax and deduct tax and preference dividend and then consider adjustment.is correct or not?

RAXIT PATEL (Student CA Final ) (107 Points)
Replied 05 June 2014

Bcz in question specifically given that in profit not consider preference dividend so it should be deducted.

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